NAPERVILLE, Ill., Feb. 14,
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 March 20, 2025, to all shareholders of record on
March 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.
