Chicago Rivet & Machine (NYSEAMERICAN:CVR) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR) in a report published on Sunday. The firm issued a sell rating on the stock.

Chicago Rivet & Machine Stock Down 0.2 %

Shares of Chicago Rivet & Machine stock opened at $17.20 on Friday. 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 issued its earnings results on Tuesday, August 13th. The company reported $0.15 earnings per share for the quarter. Chicago Rivet & Machine had a negative return on equity of 11.78% and a negative net margin of 10.00%. The firm had revenue of $8.06 million for the quarter.

Chicago Rivet & Machine Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, September 5th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.40 annualized dividend and a yield of 2.33%. Chicago Rivet & Machine’s dividend payout ratio is presently -8.55%.

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.