StockNews.com initiated coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR – Free Report) in a report released on Wednesday morning. The firm issued a sell rating on the stock.
Chicago Rivet & Machine Price Performance
Shares of NYSEAMERICAN:CVR opened at $17.99 on Wednesday. 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 declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, December 5th. Chicago Rivet & Machine’s payout ratio is -10.90%.
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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