StockNews.com began coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR – Free Report) in a research note released on Tuesday morning. The brokerage issued a sell rating on the stock.
Chicago Rivet & Machine Price Performance
Chicago Rivet & Machine stock opened at $17.51 on Tuesday. Chicago Rivet & Machine has a one year low of $13.81 and a one year high of $22.27.
Chicago Rivet & Machine Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, December 5th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.69%. 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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