StockNews.com started coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR – Free Report) in a research report sent to investors on Tuesday morning. The brokerage issued a sell rating on the stock.
Chicago Rivet & Machine Stock Performance
CVR opened at $15.80 on Tuesday. 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 announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Thursday, December 5th were paid a $0.03 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.12 dividend on an annualized basis and a yield of 0.76%. Chicago Rivet & Machine’s payout ratio is presently -3.27%.
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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