StockNews.com initiated 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 Price Performance
CVR stock opened at $18.49 on Wednesday. Chicago Rivet & Machine has a fifty-two week low of $13.81 and a fifty-two week high of $22.27.
Chicago Rivet & Machine Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, December 5th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Thursday, December 5th. Chicago Rivet & Machine’s dividend payout ratio is presently -10.90%.
Chicago Rivet & Machine Company Profile
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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