Chicago Rivet & Machine Co. Declares Quarterly Dividend of $0.03 (NYSEAMERICAN:CVR)

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) announced a quarterly dividend on Tuesday, February 18th,Wall Street Journal reports. Stockholders of record on Wednesday, March 5th will be given a dividend of 0.03 per share on Thursday, March 20th. This represents a $0.12 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Wednesday, March 5th.

Chicago Rivet & Machine has decreased its dividend payment by an average of 27.9% per year over the last three years.

Chicago Rivet & Machine Stock Performance

Shares of CVR stock traded down $0.04 on Tuesday, reaching $14.80. 639 shares of the company’s stock were exchanged, compared to its average volume of 1,901. Chicago Rivet & Machine has a 52 week low of $13.81 and a 52 week high of $22.27. The firm has a market capitalization of $14.36 million, a P/E ratio of -4.03 and a beta of 0.16.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Chicago Rivet & Machine in a research note on Monday, January 13th. They set a “sell” rating for the company.

Chicago Rivet & Machine Company Profile

Chicago Rivet & Machine Co engages in the manufacturing and sale of rivets and specialty cold formed parts, as well as automatic rivet setting equipment and automated assembly systems. It operates through the following segments: Fasteners and Assembly Equipment. The Fasteners segment includes rivets, cold-formed fasteners, and parts and screw machine products.