Chicago Rivet & Machine (NYSEAMERICAN:CVR) Receives New Coverage from Analysts at StockNews.com

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

Chicago Rivet & Machine Price Performance

CVR opened at $19.18 on Friday. Chicago Rivet & Machine has a 52 week low of $13.81 and a 52 week high of $21.19.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.15 EPS for the quarter. Chicago Rivet & Machine had a negative return on equity of 11.78% and a negative net margin of 10.00%. The business had revenue of $8.06 million during the quarter.

Chicago Rivet & Machine Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Thursday, September 5th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Thursday, September 5th. Chicago Rivet & Machine’s 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.