Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) to Issue $0.03 Quarterly Dividend

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) announced a quarterly dividend on Tuesday, February 18th,Wall Street Journal reports. Shareholders of record on Wednesday, March 5th will be paid a dividend of 0.03 per share on Thursday, March 20th. This represents a $0.12 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Wednesday, March 5th.

Chicago Rivet & Machine has decreased its dividend payment by an average of 27.9% per year over the last three years.

Chicago Rivet & Machine Stock Down 0.3 %

CVR traded down $0.04 during midday trading on Tuesday, reaching $14.80. The company had a trading volume of 639 shares, compared to its average volume of 1,901. The stock has a market cap of $14.36 million, a price-to-earnings ratio of -4.03 and a beta of 0.16. Chicago Rivet & Machine has a 1 year low of $13.81 and a 1 year high of $22.27.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Chicago Rivet & Machine in a research report on Monday, January 13th. They set a “sell” rating for the company.

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.