Chicago Rivet & Machine (NYSEAMERICAN:CVR) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR) in a research note published on Saturday morning. The brokerage issued a sell rating on the stock.

Chicago Rivet & Machine Stock Performance

NYSEAMERICAN:CVR opened at $18.63 on Friday. Chicago Rivet & Machine has a 1 year low of $13.81 and a 1 year high of $21.19.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.15 earnings per share (EPS) for the quarter. Chicago Rivet & Machine had a negative return on equity of 11.78% and a negative net margin of 10.00%. The company had revenue of $8.06 million for the quarter.

Chicago Rivet & Machine Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Thursday, September 5th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.15%. The ex-dividend date was Thursday, September 5th. Chicago Rivet & Machine’s payout ratio is -8.55%.

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.