StockNews.com initiated coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR – Free Report) in a research report sent to investors on Monday morning. The brokerage issued a sell rating on the stock.
Chicago Rivet & Machine Price Performance
Shares of NYSEAMERICAN:CVR opened at $17.04 on Monday. Chicago Rivet & Machine has a 12-month low of $13.81 and a 12-month high of $22.27.
Chicago Rivet & Machine Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, December 5th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Thursday, December 5th. Chicago Rivet & Machine’s payout ratio is currently -10.90%.
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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