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.
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SOURCE Chicago Rivet & Machine Co.
