Chicago Rivet & Machine's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Chicago Rivet & Machine (AMEX:CVR) has announced a quarterly dividend of 10 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 10 cents lower to reflect the payout. Shareholders who own CVR as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on September 20, 2023.
August 29, 2023 | 2:45 pm
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Chicago Rivet & Machine's announcement of a 10 cents per share dividend may cause the stock to open lower on the ex-dividend date. However, this is a regular part of the dividend process and not a reflection of the company's performance.
The announcement of a dividend often leads to a decrease in the stock price on the ex-dividend date, as the stock price is adjusted to reflect the payout. However, this is a normal part of the dividend process and does not necessarily indicate a negative outlook for the company. Investors who hold the stock until the end of Thursday's session will receive the dividend.
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