TheStreet downgraded shares of Chicago Rivet & Machine Co. (NYSEMKT:CVR) from a b rating to a c+ rating in a report released on Thursday morning.
Shares of Chicago Rivet & Machine Co. (CVR) opened at 33.12 on Thursday. Chicago Rivet & Machine Co. has a 1-year low of $26.05 and a 1-year high of $49.34. The stock has a 50 day moving average price of $35.09 and a 200 day moving average price of $38.48. The company has a market capitalization of $31.99 million, a price-to-earnings ratio of 16.95 and a beta of 0.47.
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The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Tuesday, September 5th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.42%. The ex-dividend date is Thursday, August 31st. Chicago Rivet & Machine Co.’s dividend payout ratio is presently 33.18%.
About Chicago Rivet & Machine Co.
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.
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