Warrenville, IL, 14 May 2026 /PRNewswire/ — Chicago Rivet & Machine Company (NYSE American: CVR) today announced that its Board of Directors has approved the temporary suspension of the Company’s quarterly cash dividend.
This decision was made after a comprehensive review of the Company’s current operating environment, capital allocation priorities and long-term strategic objectives, and reflects a deliberate and proactive move to allocate capital to key operational and growth initiatives. Specifically, management is prioritizing the deployment of financial resources to focus on meeting expected current and future sales needs, and investing in our sales efforts to drive revenue growth over the long term.
The strategic logic of the Board’s decision focuses on the following objectives:
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Meeting production requirements: Redirecting cash flows to better utilize production capacity, and ensuring timely fulfillment of existing and new customer orders.
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Building the sales pipeline: Launching new products recently provided to the company, and investing in business development resources to strengthen the company’s pipeline of future opportunities.
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Positioning for long-term growth: enhancing the company’s ability to scale operations, improve operational efficiency, and take advantage of market demand.
The company is focused on supporting its customers, investing in operational efficiency and executing initiatives designed to strengthen long-term shareholder value.
The Board will continue to evaluate the Company’s capital allocation strategy on an ongoing basis and intends to revisit the dividend policy as business conditions and growth objectives evolve.
forward-looking statements
This discussion contains certain “forward-looking statements” that are inherently subject to risks and uncertainties that could cause actual events to differ materially from the events discussed herein. Factors that could cause such differences in events include those disclosed under “Risk Factors” in our Annual Report on Form 10-K and other filings we make with the United States Securities and Exchange Commission. These factors include, among other things: the conditions of the domestic automotive industry on which we depend for sales revenues, intense competition in our markets, the concentration of Our sales with major customers, risks related to export sales, price and availability of raw materials, supply chain disruptions, labor relations issues, product liability-related losses, warranty and recall claims, costs related to environmental laws and regulations, information systems disruptions, loss of services of our key employees and difficulties in achieving cost savings. Many of these factors are beyond our control or ability to predict. Readers are cautioned not to place undue reliance on these forward-looking statements. We undertake no obligation to publish any revised forward-looking statements to reflect events or circumstances after that date or to reflect the occurrence of unanticipated events.