StockNews.com initiated coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR – Free Report) in a report published on Thursday. The brokerage issued a sell rating on the stock.
Chicago Rivet & Machine Stock Performance
Shares of Chicago Rivet & Machine stock opened at $18.94 on Thursday. Chicago Rivet & Machine has a 52 week low of $13.81 and a 52 week high of $22.27.
Chicago Rivet & Machine Dividend Announcement
The company also recently declared 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 dividend yield of 2.11%. The ex-dividend date of this dividend was Thursday, September 5th. Chicago Rivet & Machine’s payout ratio is currently -10.90%.
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.
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