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 report released on Saturday morning. The firm issued a sell rating on the stock.

Chicago Rivet & Machine Stock Performance

Shares of CVR opened at $20.48 on Friday. Chicago Rivet & Machine has a one year low of $13.81 and a one year high of $21.19.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last issued 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 for the quarter. Chicago Rivet & Machine had a negative net margin of 10.00% and a negative return on equity of 11.78%.

Chicago Rivet & Machine Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Thursday, September 5th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.40 annualized dividend and a yield of 1.95%. 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.