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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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
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