Thursday marks the last chance for investors to receive the next dividend payout from Chicago Rivet & Machine CVR.
The company announced on Monday that it would pay shareholders a quarterly dividend of 22 cents per share. On Friday, Chicago Rivet & Machine will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 22 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own CVR as of the end of Thursday's session are eligible to receive the 22 cents dividend payout for every share that they own.
According to the company, this dividend will be paid out to shareholders on December 20, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.
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