CHICAGO RIVET & MACHINE CO. DECLARES DIVIDEND
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 18 2024
0mins
Source: PRnewswire
Dividend Announcement: Chicago Rivet & Machine Co. declared a quarterly cash dividend of $0.03 per share, down from $0.10, payable on December 20, 2024, due to recent operating performance and macroeconomic challenges affecting demand, particularly in the automotive sector.
Future Considerations: The Board of Directors will evaluate future dividends based on profitability, long-term outlook, cash requirements, and overall financial health, while acknowledging ongoing risks and uncertainties that may impact performance.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
