CHS (NASDAQ:CHSCM) Stock Price Up 0.6% – Should You Buy?

Shares of CHS Inc. (NASDAQ:CHSCMGet Free Report) rose 0.6% during mid-day trading on Monday . The stock traded as high as $25.06 and last traded at $25.06. Approximately 26,668 shares traded hands during trading, an increase of 19% from the average daily volume of 22,466 shares. The stock had previously closed at $24.91.

CHS Trading Up 0.6%

The company’s 50-day moving average price is $24.90 and its 200-day moving average price is $24.94.

CHS Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.4219 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.69 annualized dividend and a dividend yield of 6.7%.

Institutional Investors Weigh In On CHS

A hedge fund recently bought a new stake in CHS stock. NBC Securities Inc. acquired a new position in shares of CHS Inc. (NASDAQ:CHSCMFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,021 shares of the company’s stock, valued at approximately $50,000.

About CHS

(Get Free Report)

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.

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