StockNews.com initiated coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR – Free Report) in a research note published on Sunday. The brokerage issued a sell rating on the stock.
Chicago Rivet & Machine Stock Up 1.8 %
NYSEAMERICAN:CVR opened at $9.22 on Friday. The company has a market capitalization of $8.94 million, a price-to-earnings ratio of -2.51 and a beta of 0.16. Chicago Rivet & Machine has a 12 month low of $8.90 and a 12 month high of $22.27.
Chicago Rivet & Machine Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.30%. Chicago Rivet & Machine’s dividend payout ratio is currently -3.27%.
About Chicago Rivet & Machine
Chicago Rivet & Machine Co engages in the manufacturing and sale of rivets and specialty cold formed parts, as well as automatic rivet setting equipment and automated assembly systems. It operates through the following segments: Fasteners and Assembly Equipment. The Fasteners segment includes rivets, cold-formed fasteners, and parts and screw machine products.
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