Chicago Rivet & Machine (NYSEAMERICAN:CVR) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR) in a research report released on Monday morning. The brokerage issued a sell rating on the stock.

Chicago Rivet & Machine Stock Performance

NYSEAMERICAN:CVR opened at $18.40 on Monday. Chicago Rivet & Machine has a 52 week low of $13.81 and a 52 week high of $21.19.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.15 earnings per share for the quarter. The business had revenue of $8.06 million for the quarter. Chicago Rivet & Machine had a negative net margin of 10.00% and a negative return on equity of 11.78%.

Chicago Rivet & Machine Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Thursday, September 5th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Thursday, September 5th. Chicago Rivet & Machine’s dividend payout ratio (DPR) is -12.62%.

About Chicago Rivet & Machine

Chicago Rivet & Machine Co operates in the fastener industry in North America. It operates in two segments, Fasteners and Assembly Equipment. The Fastener segment manufactures and sells rivets, cold-formed fasteners and parts, and screw machine products. The Assembly Equipment segment engages in the manufacture and sale of automatic rivet setting machines, as well as parts and tools for related machines.