StockNews.com initiated coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR – Free Report) in a report published on Friday. The firm issued a sell rating on the stock.
Chicago Rivet & Machine Trading Up 3.2 %
Chicago Rivet & Machine stock opened at $16.26 on Friday. Chicago Rivet & Machine has a 52 week low of $13.81 and a 52 week high of $22.27.
Chicago Rivet & Machine Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Thursday, December 5th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend was Thursday, December 5th. Chicago Rivet & Machine’s dividend payout ratio (DPR) is currently -3.27%.
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.
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