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

StockNews.com began coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR) in a report released on Sunday morning. The brokerage issued a sell rating on the stock.

Chicago Rivet & Machine Price Performance

NYSEAMERICAN:CVR opened at $16.59 on Friday. Chicago Rivet & Machine has a fifty-two week low of $13.81 and a fifty-two week high of $21.19.

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

Chicago Rivet & Machine Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, September 5th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Thursday, September 5th. Chicago Rivet & Machine’s payout ratio is -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.