NAPERVILLE, Ill., May 12 /PRNewswire-FirstCall/ -- Chicago Rivet & Machine Co. (NYSE:CVR) today announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share payable June 19, 2009 to all shareholders of record on June 5, 2009. This is a $0.08 per share reduction from the $0.18 per share quarterly cash dividend that the Company has declared and paid in recent years. The Company stated that while its financial condition remains sound, the Board of Directors determined that the reduction in the dividend was prudent given current economic conditions and uncertainty with respect to the strength and timing of any future economic recovery, especially within the automotive sector upon which the Company relies for the majority of its revenues. With respect to the payment of future dividends, the Board of Directors will continue to consider the Company's current profitability, the outlook for longer-term profitability, known and potential cash requirements and the overall financial condition of the Company. DATASOURCE: Chicago Rivet & Machine Co. CONTACT: Kim Kirhofer of Chicago Rivet & Machine Co., +1-630-357-8500,

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