StockNews.com assumed coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR – Free Report) in a research note released on Wednesday. The brokerage issued a sell rating on the stock.
Chicago Rivet & Machine Stock Up 2.1 %
Shares of Chicago Rivet & Machine stock opened at $15.87 on Wednesday. Chicago Rivet & Machine has a 52-week low of $13.81 and a 52-week high of $22.27.
Chicago Rivet & Machine Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Thursday, December 5th. Chicago Rivet & Machine’s dividend payout ratio (DPR) is presently -3.27%.
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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