Chicago Rivet & Machine (NYSEAMERICAN:CVR) Coverage Initiated by Analysts at StockNews.com

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

Chicago Rivet & Machine Price Performance

CVR opened at $16.59 on Friday. Chicago Rivet & Machine has a 12-month low of $13.81 and a 12-month high of $21.19.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.15 earnings per share (EPS) for the quarter. The business 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 business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, September 5th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, September 5th. This represents a $0.40 annualized dividend and a dividend yield of 2.41%. Chicago Rivet & Machine’s payout ratio is presently -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.