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

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

Chicago Rivet & Machine Trading Up 0.5 %

CVR opened at $18.67 on Monday. Chicago Rivet & Machine has a 12 month low of $13.81 and a 12 month high of $21.19.

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

Chicago Rivet & Machine Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Thursday, September 5th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.40 annualized dividend and a dividend yield of 2.14%. Chicago Rivet & Machine’s dividend payout ratio is presently -12.62%.

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.