Chicago Rivet & Machine's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Chicago Rivet & Machine (AMEX:CVR) announced a quarterly dividend of 10 cents per share, with the ex-dividend date set for Monday. Shareholders owning the stock by the end of Friday's session will be eligible for the dividend, which will be paid on December 20, 2023. The stock is expected to open 10 cents lower on Monday to reflect the dividend payout.

November 29, 2023 | 2:45 pm
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Chicago Rivet & Machine (CVR) will pay a 10 cents quarterly dividend with an ex-dividend date on Monday. The stock price is expected to open lower by the dividend amount on that day.
The stock price of Chicago Rivet & Machine is likely to decrease in the short term by the amount of the dividend, as stocks typically drop by the dividend amount on the ex-dividend date. This is a common occurrence and is expected as it reflects the payout of the dividend to shareholders. The relevance is high as the news is directly about CVR's dividend payout. The importance is significant for investors interested in dividend payments or those looking to buy the stock at a slightly lower price. The confidence level is high due to the predictable nature of stock price movements on ex-dividend dates.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100