Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) Plans Quarterly Dividend of $0.22

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVRGet Rating) declared a quarterly dividend on Wednesday, May 11th, Wall Street Journal reports. Investors of record on Friday, June 3rd will be paid a dividend of 0.22 per share on Monday, June 20th. This represents a $0.88 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Thursday, June 2nd.

Chicago Rivet & Machine has decreased its dividend payment by an average of 8.3% annually over the last three years and has increased its dividend every year for the last 1 years.

Shares of Chicago Rivet & Machine stock opened at $27.18 on Thursday. Chicago Rivet & Machine has a one year low of $24.90 and a one year high of $32.88. The company has a market cap of $26.36 million, a P/E ratio of 25.89 and a beta of 0.01.

Chicago Rivet & Machine (NYSEAMERICAN:CVRGet Rating) last announced its quarterly earnings data on Monday, March 21st. The company reported $0.08 EPS for the quarter. Chicago Rivet & Machine had a return on equity of 3.83% and a net margin of 3.28%. The firm had revenue of $7.75 million for the quarter.

An institutional investor recently raised its position in Chicago Rivet & Machine stock. Morgan Stanley boosted its holdings in shares of Chicago Rivet & Machine Co. (NYSEAMERICAN:CVRGet Rating) by 1.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,241 shares of the company’s stock after acquiring an additional 426 shares during the quarter. Morgan Stanley owned about 2.92% of Chicago Rivet & Machine worth $759,000 at the end of the most recent quarter.

Separately, TheStreet cut Chicago Rivet & Machine from a “b-” rating to a “c+” rating in a research note on Monday, April 18th.

Chicago Rivet & Machine Company Profile (Get Rating)

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 manufactures automatic rivet setting machines and assembly equipment, as well as parts and tools for related machines.

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Dividend History for Chicago Rivet & Machine (NYSEAMERICAN:CVR)

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