StockNews.com started coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR – Free Report) in a research report sent to investors on Tuesday morning. The firm issued a sell rating on the stock.
Chicago Rivet & Machine Stock Performance
NYSEAMERICAN CVR opened at $15.80 on Tuesday. Chicago Rivet & Machine has a 52-week low of $13.81 and a 52-week high of $22.27.
Chicago Rivet & Machine Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Thursday, December 5th. Chicago Rivet & Machine’s payout ratio is presently -3.27%.
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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