StockNews.com assumed coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR – Free Report) in a research report released on Friday morning. The brokerage issued a sell rating on the stock.
Chicago Rivet & Machine Price Performance
CVR opened at $16.26 on Friday. Chicago Rivet & Machine has a 12-month low of $13.81 and a 12-month high of $22.27.
Chicago Rivet & Machine Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, December 5th were paid a dividend of $0.03 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.12 annualized dividend and a yield of 0.74%. Chicago Rivet & Machine’s dividend payout ratio is -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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