From the Form 8-K filed with the SEC on 7/19/2013 -- The Board of Directors of CHS Inc. adopted a resolution, which became effective on July 18, 2013, amending the terms of the Company's existing 8% Cumulative Redeemable Preferred Stock to provide that the 8% Preferred Stock may not be redeemed at the option of the Company until July 18, 2023. Prior to the effectiveness of the Resolution, the 8% Preferred Stock had been subject to redemption at the option of the Company from and after February 1, 2008.
It is about time someone recognize the value of this company. Current management just rapes and plunders and the shareholders sit back and watch
Will this stock ever pay a dividend? How about BRK just passing along the dividends it receives on its massive stock portfolio holdings and let the 'float' serve as its future investment purchases