Chicago Rivet & Machine (NYSEAMERICAN:CVR) Earns Sell Rating from Analysts at StockNews.com

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

Chicago Rivet & Machine Trading Up 2.4 %

NYSEAMERICAN CVR opened at $18.80 on Wednesday. Chicago Rivet & Machine has a 1 year low of $13.81 and a 1 year high of $21.19.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.15 EPS for the quarter. The company had revenue of $8.06 million during 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 disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Thursday, September 5th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend was Thursday, September 5th. Chicago Rivet & Machine’s dividend payout ratio is -12.62%.

Chicago Rivet & Machine Company Profile

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.