StockNews.com started coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR – Free Report) in a research note released on Friday morning. The brokerage issued a sell rating on the stock.
Chicago Rivet & Machine Stock Performance
Shares of NYSEAMERICAN CVR opened at $16.26 on Friday. Chicago Rivet & Machine has a 12-month low of $13.81 and a 12-month high of $22.27.
Chicago Rivet & Machine Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, December 5th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Thursday, December 5th. Chicago Rivet & Machine’s payout ratio is -3.27%.
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.
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