CHS Inc announces quarterly dividends for preferred stock

Published 01/04/2025, 21:08
CHS Inc announces quarterly dividends for preferred stock

Today, CHS Inc, a diversified agribusiness and energy cooperative, announced the declaration of regular quarterly dividends for several classes of its preferred stock. The dividends declared are for its 8% Cumulative Redeemable Preferred Stock, and various series of Class B Preferred Stock, with payment scheduled for June 30, 2025, to shareholders on record as of June 13, 2025. According to InvestingPro data, the stock currently trades at $27.65 with an attractive dividend yield of 7.19%.

The dividend rates are as follows: $0.50 per share for the 8% Cumulative Redeemable Preferred Stock, $0.492188 for Class B Cumulative Redeemable Preferred Stock Series 1, $0.443750 for Class B Reset Rate Cumulative Redeemable Preferred Stock Series 2, $0.421875 for Class B Reset Rate Cumulative Redeemable Preferred Stock Series 3, and $0.468750 for Class B Cumulative Redeemable Preferred Stock Series 4. Each share of the preferred stock has a par value of $25.00.

This announcement, made via a Current Report on Form 8-K, complies with Nasdaq Listing Rule 5250(e)(6)(ii) and Rule 10b–17 of the Securities Exchange Act of 1934, as amended. The declaration of these dividends reflects the company’s commitment to delivering value to its shareholders and maintaining its financial practices. InvestingPro analysis reveals the company maintains a healthy current ratio of 1.54, indicating strong short-term financial stability.

CHS Inc, headquartered in Inver Grove Heights, Minnesota, operates within the Wholesale-Farm Product Raw Materials sector, under the organization name 07 Trade & Services. The cooperative is known for its significant presence in the agriculture and energy markets, providing a range of products and services to support the rural economy.

The detailed information regarding the dividend declaration is based on the company’s latest SEC filing and is aimed at keeping investors and the market informed of CHS Inc’s financial distributions. The cooperative’s preferred stocks are traded on The Nasdaq Stock Market LLC under the symbols CHSCP, CHSCO, CHSCN, CHSCM, and CHSCL for the respective series.

In other recent news, CHS Inc. has announced the declaration of regular quarterly dividends for its preferred stock series. The Minnesota-based company has set dividend payments for March 31, 2025, with shareholders of record on March 17, 2025, set to benefit. The dividends per share are as follows: $0.50 for the 8% Cumulative Redeemable Preferred Stock, $0.492188 for the Class B Cumulative Redeemable Preferred Stock Series 1, $0.443750 for Series 2, $0.421875 for Series 3, and $0.468750 for Series 4. This announcement is part of CHS Inc.’s compliance with regulatory obligations, including Nasdaq Listing Rule 5250(e)(6)(ii) and Rule 10b–17 of the Securities Exchange Act of 1934. The company has fulfilled its requirements by filing the necessary report with the Securities and Exchange Commission. This financial event is noteworthy for investors holding preferred stock in CHS Inc., as it impacts their investment returns. The dividends reflect the company’s ongoing financial activities and commitment to returning value to its shareholders.

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