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 research report released on Friday morning. The brokerage issued a sell rating on the stock.

Chicago Rivet & Machine Stock Down 0.5 %

Shares of CVR opened at $20.29 on Friday. Chicago Rivet & Machine has a 1 year low of $13.81 and a 1 year high of $22.27.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.15 earnings per share (EPS) for the quarter. Chicago Rivet & Machine had a negative return on equity of 11.78% and a negative net margin of 10.00%. The company had revenue of $8.06 million during the quarter.

Chicago Rivet & Machine Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Thursday, September 5th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date was Thursday, September 5th. Chicago Rivet & Machine’s dividend payout ratio (DPR) is currently -12.62%.

Chicago Rivet & Machine Company Profile

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.