Friday Is Your Last Chance To Buy Chicago Rivet & Machine Before The Dividend Payout
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 are eligible for the payout, which will be distributed on March 20, 2024. The stock is expected to open 10 cents lower on the ex-dividend date.
February 28, 2024 | 2:45 pm
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Chicago Rivet & Machine announced a quarterly dividend of 10 cents per share, payable on March 20, 2024, to shareholders of record by the end of Friday. The stock will likely open 10 cents lower on the ex-dividend date.
The announcement of a dividend payout typically has a neutral to slightly positive impact on a stock's price in the short term, as it signals company profitability and shareholder value. However, the stock is expected to open lower on the ex-dividend date to reflect the dividend payout, which is a standard practice. The overall impact is neutral as the decrease is expected and represents a transfer of value to shareholders rather than a loss.
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