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

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

Chicago Rivet & Machine Stock Performance

CVR stock traded down $0.05 during midday trading on Thursday, hitting $19.08. The company’s stock had a trading volume of 3,324 shares, compared to its average volume of 3,266. Chicago Rivet & Machine has a 12 month low of $13.81 and a 12 month high of $22.27.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last issued its earnings results on Tuesday, August 13th. The company reported $0.15 earnings per share for the quarter. The firm had revenue of $8.06 million during the quarter. Chicago Rivet & Machine had a negative net margin of 11.95% and a negative return on equity of 14.18%.

Chicago Rivet & Machine Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Thursday, September 5th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Thursday, September 5th. Chicago Rivet & Machine’s payout ratio is presently -10.90%.

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.