Chicago Rivet & Machine (NYSEAMERICAN:CVR) Earns Sell Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR) in a research report sent to investors on Thursday. The brokerage issued a sell rating on the stock.

Chicago Rivet & Machine Stock Performance

Shares of Chicago Rivet & Machine stock opened at $18.10 on Thursday. Chicago Rivet & Machine has a 1-year low of $13.81 and a 1-year high of $21.19.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last issued its quarterly earnings results 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 for the quarter.

Chicago Rivet & Machine Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Thursday, September 5th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend was Thursday, September 5th. Chicago Rivet & Machine’s dividend payout ratio (DPR) 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.