Chicago Rivet & Machine Co. (NYSE American: CVR) today announced that its Board of Directors approved the temporary suspension of the Company's quarterly cash dividend.

The decision was made following a comprehensive review of the Company's current operating environment, capital allocation priorities, and long-term strategic objectives, and reflects a deliberate and proactive step to allocate capital toward critical operational and growth initiatives. In particular, management is prioritizing the deployment of financial resources to focus on meeting expected current and future sales requirements, and investing in our sales efforts to drive revenue growth over the long term.