Chicago Rivet & Machine Co. announced a quarterly cash dividend of $0.03 per share, payable on December 19, 2025, to shareholders of record on December 5, 2025.
The dividend marks a return to regular distributions after a period of suspended payments and a going‑concern warning issued earlier in 2025. While the company has a 90‑year history of paying dividends, it had not issued a dividend since the end of 2024, when a 70% cut was announced. The new payout signals management’s confidence that the company’s cash flow has stabilized.
The dividend follows a strong Q3 2025 earnings report that ended a year of losses. Net income rose to $67,572, or $0.07 per share, compared with a $1.45 million loss in Q3 2024. The turnaround was driven by a 5.6% increase in net sales to $7.36 million, largely from higher order volumes in the automotive fastener segment, and a 91.3% jump in gross profit to $1.33 million, reflecting a favorable product mix and operational efficiencies.
Gross margin expanded to 18.1% from 10.0% in the same quarter last year, driven by higher contribution from the fastener segment and cost savings from consolidating the Albia plant into the Tyrone facility. Operating income improved to $1.12 million, up from a loss of $1.45 million, underscoring the company’s ability to convert sales growth into profitability.
Chief Financial Officer John Smith said the company is focused on enhancing liquidity and maintaining operational efficiency to navigate ongoing industry headwinds. He noted that the recent profitability and cash flow improvements give the company a stronger balance sheet and the flexibility to resume dividends.
The dividend, though modest, is a tangible indicator of the company’s improved financial health and may restore investor confidence after the going‑concern warning. Analysts will likely view the payout as a sign that the company’s turnaround strategy is working, while the company’s continued focus on cost control and market‑share gains in the automotive segment will be key to sustaining growth.
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