Chicago Rivet & Machine (NYSEAMERICAN:CVR) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR) in a research note issued to investors on Saturday morning. The firm issued a sell rating on the stock.

Chicago Rivet & Machine Price Performance

Shares of Chicago Rivet & Machine stock opened at $19.23 on Friday. Chicago Rivet & Machine has a one year low of $13.81 and a one year high of $21.19.

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

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 2.08%. The ex-dividend date of this dividend was Thursday, September 5th. Chicago Rivet & Machine’s dividend payout ratio is currently -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.