StockNews.com initiated coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR – Free Report) in a report issued on Friday morning. The brokerage issued a sell rating on the stock.
Chicago Rivet & Machine Stock Down 4.0%
NYSEAMERICAN CVR opened at $10.77 on Friday. Chicago Rivet & Machine has a 12-month low of $8.15 and a 12-month high of $22.27. The business has a fifty day moving average price of $11.48. The stock has a market capitalization of $10.45 million, a price-to-earnings ratio of -2.93 and a beta of 0.16.
Chicago Rivet & Machine Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, June 5th will be paid a dividend of $0.03 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.12 annualized dividend and a dividend yield of 1.11%. Chicago Rivet & Machine’s payout ratio is currently -3.27%.
Chicago Rivet & Machine Company Profile
Chicago Rivet & Machine Co engages in the manufacturing and sale of rivets and specialty cold formed parts, as well as automatic rivet setting equipment and automated assembly systems. It operates through the following segments: Fasteners and Assembly Equipment. The Fasteners segment includes rivets, cold-formed fasteners, and parts and screw machine products.
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