StockNews.com assumed coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR – Free Report) in a research report released on Tuesday. The firm issued a sell rating on the stock.
Chicago Rivet & Machine Stock Down 2.4 %
CVR stock opened at $17.10 on Tuesday. Chicago Rivet & Machine has a 1 year low of $13.81 and a 1 year high of $22.27.
Chicago Rivet & Machine Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, December 5th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Thursday, December 5th. Chicago Rivet & Machine’s payout ratio is -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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