CHS (NASDAQ:CHSCM) Shares Down 0.2% – Here’s Why

CHS Inc. (NASDAQ:CHSCM)’s stock price dropped 0.2% on Tuesday . The stock traded as low as $24.56 and last traded at $24.57. Approximately 20,661 shares traded hands during trading, a decline of 4% from the average session volume of 21,489 shares. The stock had previously closed at $24.62.

CHS Price Performance

The business has a 50 day moving average of $24.95 and a 200 day moving average of $24.92.

CHS Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.4219 per share. The ex-dividend date is Monday, June 15th. This represents a $1.69 dividend on an annualized basis and a yield of 6.9%.

Hedge Funds Weigh In On CHS

An institutional investor recently bought a new position in CHS stock. NBC Securities Inc. acquired a new position in shares of CHS Inc. (NASDAQ:CHSCM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,021 shares of the company’s stock, valued at approximately $50,000.

CHS Company Profile

CHS Inc (NASDAQ: CHSCM) is a diversified, global agribusiness cooperative owned by farmers, ranchers and cooperatives across the United States. Headquartered in Inver Grove Heights, Minnesota, the company operates two primary business segments: Energy and Ag Business. Through its Energy segment, CHS markets and distributes refined fuels, lubricants, propane and renewable energy products under the Cenex® brand, and it manages a nationwide network of fuel distribution terminals, convenience stores and retail outlets.

In its Ag Business segment, CHS provides grain marketing, crop nutrients, crop protection products and animal nutrition solutions.