product · May 16, 2026
Chicago Rivet & Machine Co. Suspends Dividend to Fund Growth Initiatives
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Chicago Rivet & Machine Co. (CVR) suspended its quarterly cash dividend on May 14, 2026, after its annual shareholder meeting on May 12, 2026, where all seven director nominees were elected to serve until 2027 and Cherry Bekaert LLP was ratified as auditor for 2026. The board reallocated cash toward production capacity, order fulfillment, and sales growth initiatives including new product launches. Chicago Rivet & Machine Co. operates in the industrial manufacturing sector supplying rivets primarily to automotive customers and holds a market capitalization of $9.76 million.
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