Thriving with Robust Performance: Chicago Rivet & Machine Delivers Growing Profits to Investors
Portfolio Pulse from Benzinga Insights
Chicago Rivet & Machine (AMEX:CVR) will distribute a dividend payout of $0.10 per share, translating to an annualized dividend yield of 2.17%. The company has shown a positive dividend growth pattern from 2020 to 2022, with the dividend per share rising from $0.52 to $0.88. Additionally, the company's earnings per share have also increased from $1.17 to $4.41 during the same period. However, its dividend yield is lower compared to its industry peer, Highway Holdings (NASDAQ:HIHO), which has a higher annualized dividend yield of 14.22%.
September 20, 2023 | 3:05 pm
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POSITIVE IMPACT
Chicago Rivet & Machine's dividend and earnings per share growth from 2020 to 2022 indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.
The company's consistent increase in dividends and earnings per share over the past years indicates a strong financial performance, which is likely to positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Highway Holdings has a higher annualized dividend yield of 14.22% compared to Chicago Rivet & Machine.
While Highway Holdings is mentioned as a comparison point for Chicago Rivet & Machine's dividend yield, the news does not provide any specific information that would directly impact Highway Holdings' stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50