StockNews.com Begins Coverage on Chicago Rivet & Machine (NYSEAMERICAN:CVR)

StockNews.com started coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR) in a report published on Friday. The firm issued a sell rating on the stock.

Chicago Rivet & Machine Stock Performance

Chicago Rivet & Machine stock opened at $18.02 on Friday. Chicago Rivet & Machine has a 12 month low of $13.81 and a 12 month high of $21.19.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.15 earnings per share 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 during the quarter.

Chicago Rivet & Machine Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Thursday, September 5th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Thursday, September 5th. Chicago Rivet & Machine’s dividend payout ratio (DPR) is currently -8.55%.

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.