StockNews.com began coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR – Free Report) in a research note published on Saturday morning. The brokerage issued a sell rating on the stock.
Chicago Rivet & Machine Stock Performance
Shares of CVR stock opened at $16.30 on Friday. 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 company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, December 5th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.74%. The ex-dividend date is Thursday, December 5th. Chicago Rivet & Machine’s dividend payout ratio (DPR) 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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