Chicago Rivet & Machine Co. (CVR) to Issue Quarterly Dividend of $0.20 on September 20th

Chicago Rivet & Machine Co. (NYSEMKT:CVR) declared a quarterly dividend on Tuesday, August 22nd, Wall Street Journal reports. Shareholders of record on Tuesday, September 5th will be given a dividend of 0.20 per share by the industrial products company on Wednesday, September 20th. This represents a $0.80 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Thursday, August 31st.

Chicago Rivet & Machine Co. (CVR) opened at 33.12 on Friday. The firm has a 50-day moving average price of $35.09 and a 200-day moving average price of $38.48. The firm has a market cap of $31.99 million, a price-to-earnings ratio of 16.95 and a beta of 0.47. Chicago Rivet & Machine Co. has a 1-year low of $26.05 and a 1-year high of $49.34.

Separately, TheStreet lowered shares of Chicago Rivet & Machine Co. from a “b” rating to a “c+” rating in a research report on Thursday.

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Chicago Rivet & Machine Co. Company Profile

Chicago Rivet & Machine Co is engaged in the business of producing and selling rivets, cold-formed fasteners and parts, screw machine products, automatic rivet setting machines and parts and tools for such machines. The Company operates in two segments of the fastener industry: fasteners and assembly equipment.