Chicago Rivet & Machine Co (CVR) will raise it's quarterly dividend to $0.20 per share.
The increased dividend will be payable December 20, 2016 to shareholders of record at the close of business on December 5, 2016.
Chicago Rivet & Machine Co. is engaged in the business of producing and selling rivets, cold-formed fasteners and parts, screw machine products, automatic rivet setting machines and parts and tools for such machines.
Today’s dividend increase indicates an annualized rate of $0.80 per common share and a yield of approximately 2.4% based on the current $33.25 stock price.