CHICAGO RIVET & MACHINE CO. DECLARES DIVIDEND

Rhea-AI Summary

Chicago Rivet & Machine Co. has announced a quarterly cash dividend of $0.03 per share. The dividend will be payable on June 20, 2025, to shareholders of record as of June 5, 2025. The Board of Directors emphasized that future dividend decisions will be based on various factors including current profitability, long-term profitability outlook, potential cash requirements, and the company's overall financial condition.

Positive

• Consistent dividend payment maintaining shareholder returns
• Board's commitment to evaluate future dividends based on comprehensive financial metrics

Negative

• Low dividend amount of $0.03 per share indicating limited cash distribution to shareholders

News Market Reaction

-0.09%

1 alert

-0.09% News Effect

On the day this news was published, CVR declined 0.09%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

05/13/2025 - 04:15 PM

WARRENVILLE, Ill., May 13, 2025 /PRNewswire/ -- Chicago Rivet & Machine Co. (NYSE American: CVR) today announced that its Board of Directors declared a quarterly cash dividend of $0.03 per share payable June 20, 2025, to all shareholders of record on June 5, 2025. 

With respect to the payment of future dividends, the Board of Directors will continue to consider the Company's current profitability, the outlook for long-term profitability, known and potential cash requirements, and the overall financial condition of the Company, and any dividend declared will be solely at the discretion of the Board of Directors.

Forward-Looking Statements

This discussion contains certain "forward-looking statements" which are inherently subject to risks and uncertainties that may cause actual events to differ materially from those discussed herein.  Factors which may cause such differences in events include, those disclosed under "Risk Factors" in our Annual Report on Form 10-K and in the other filings we make with the United States Securities and Exchange Commission.  These factors, include among other things: conditions in the domestic automotive industry upon which we rely for sales revenue, the intense competition in our markets, the concentration of

our sales with major customers, risks related to export sales, the price and availability of raw materials, supply chain disruptions, labor relations issues, losses related to product liability, warranty and recall claims, costs relating to environmental laws and regulations, information systems disruptions, the loss of the services of our key employees and difficulties in achieving cost savings.  Many of these factors are beyond our ability to control or predict.  Readers are cautioned not to place undue reliance on these forward-looking statements.  We undertake no obligation to publish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

View original content:https://www.prnewswire.com/news-releases/chicago-rivet--machine-co-declares-dividend-302454403.html

SOURCE Chicago Rivet & Machine Co.

FAQ

What is the dividend amount announced by Chicago Rivet & Machine (CVR) for Q2 2025?

Chicago Rivet & Machine (CVR) declared a quarterly cash dividend of $0.03 per share.

When is the dividend payment date for CVR's Q2 2025 dividend?

The dividend will be paid on June 20, 2025, to shareholders of record as of June 5, 2025.

What factors will CVR consider for future dividend payments?

The company will consider current profitability, long-term profitability outlook, known and potential cash requirements, and overall financial condition.

What is Chicago Rivet & Machine's (CVR) dividend policy?

Dividends are declared solely at the Board of Directors' discretion, based on the company's financial performance and conditions.