Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) Announces Quarterly Dividend of $0.03

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) announced a quarterly dividend on Monday, November 18th,Wall Street Journal reports. Stockholders of record on Thursday, December 5th will be given a dividend of 0.03 per share on Friday, December 20th. This represents a $0.12 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Thursday, December 5th.

Chicago Rivet & Machine has raised its dividend payment by an average of 28.7% per year over the last three years.

Chicago Rivet & Machine Stock Performance

Shares of NYSEAMERICAN:CVR traded down $0.40 during trading on Tuesday, hitting $17.66. The stock had a trading volume of 7,585 shares, compared to its average volume of 2,675. Chicago Rivet & Machine has a 12-month low of $13.81 and a 12-month high of $22.27.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Chicago Rivet & Machine in a report on Thursday, November 14th. They issued a “sell” rating on the stock.

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.