Thriving with Robust Performance: Chicago Rivet & Machine Delivers Growing Profits to Investors
At the end of today, September 20, 2023, Chicago Rivet & Machine (AMEX:CVR) will distribute a dividend payout of $0.10 per share, translating to an annualized dividend yield of 2.17%. Shareholders who held the stock before the ex-dividend date on September 01, 2023 will benefit from this payout.
Chicago Rivet & Machine Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-09-01 | 4 | $0.1 | 2.17% | 2023-08-21 | 2023-09-05 | 2023-09-20 |
| 2023-06-02 | 4 | $0.22 | 3.36% | 2023-05-09 | 2023-06-05 | 2023-06-20 |
| 2023-03-02 | 4 | $0.22 | 3.04% | 2023-02-20 | 2023-03-03 | 2023-03-20 |
| 2022-12-02 | 4 | $0.22 | 3.28% | 2022-11-21 | 2022-12-05 | 2022-12-20 |
| 2022-09-02 | 4 | $0.22 | 3.32% | 2022-08-15 | 2022-09-06 | 2022-09-20 |
| 2022-06-02 | 4 | $0.22 | 3.38% | 2022-05-10 | 2022-06-03 | 2022-06-20 |
| 2022-03-03 | 4 | $0.22 | 3.22% | 2022-02-21 | 2022-03-04 | 2022-03-18 |
| 2021-12-02 | 4 | $0.22 | 2.98% | 2021-11-15 | 2021-12-03 | 2021-12-20 |
| 2021-09-02 | 4 | $0.22 | 3.32% | 2021-08-16 | 2021-09-03 | 2021-09-20 |
| 2021-06-03 | 4 | $0.22 | 3.27% | 2021-05-11 | 2021-06-04 | 2021-06-18 |
| 2021-03-04 | 4 | $0.22 | 3.34% | 2021-02-22 | 2021-03-05 | 2021-03-19 |
| 2020-12-03 | 4 | $0.1 | 1.91% | 2020-11-16 | 2020-12-04 | 2020-12-18 |
Chicago Rivet & Machine's dividend yield is on the lower end compared to its industry peers, with Highway Holdings (NASDAQ:HIHO) having a higher annualized dividend yield of 14.22%.
Analyzing Chicago Rivet & Machine Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
The company demonstrated a positive dividend growth pattern from 2020 to 2022, with the dividend per share rising from $0.52 to $0.88. This signifies the company's commitment to consistently increasing shareholder dividends.
YoY Earnings Growth For Chicago Rivet & Machine
From 2020 to 2022, Chicago Rivet & Machine has demonstrated an upward trend in earnings, with earnings per share rising from $1.17 to $4.41. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.
Recap
In this article, we explore the recent dividend payout of Chicago Rivet & Machine and its significance for shareholders. The company has decided to distribute a dividend of $0.10 per share today, which equates to an annualized dividend yield of 2.17%.
Chicago Rivet & Machine's dividend yield is on the lower end compared to its industry peers, with Highway Holdings having a higher annualized dividend yield of 14.22%.
The increase in both dividend per share and earnings per share from 2020 to 2022 for Chicago Rivet & Machine indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.
Investors are encouraged to closely track the company's performance in the upcoming quarters to stay informed of any updates in financials or dividend disbursements.
[Monitor live stock price updates for Chicago Rivet & Machine on Benzinga.](https://www.benzinga.com/quote/Chicago Rivet & Machine (AMEX:CVR))
This article was generated by Benzinga's automated content engine and reviewed by an editor.