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

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

Chicago Rivet & Machine Price Performance

Shares of Chicago Rivet & Machine stock opened at $18.40 on Monday. Chicago Rivet & Machine has a twelve month low of $13.81 and a twelve month high of $21.19.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.15 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 firm had revenue of $8.06 million during the quarter.

Chicago Rivet & Machine Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Thursday, September 5th were given a $0.10 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.40 dividend on an annualized basis and a yield of 2.17%. Chicago Rivet & Machine’s dividend payout ratio is currently -12.62%.

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.