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CHS Inc. (CHSCM)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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25.74+0.38 (+1.50%)
As of 03:55PM EDT. Market open.
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  • J
    JAMES
    This preferred stock (true for other CHS preferred such as CHSCN, CHSCP, CHSCO, CHSCL) is unjustifiably punished along with the rest of the market. It represents a dividend yield over 1% and the company will be able to pay the dividend comfortably. The company cannot redeem the preferred before 2024 and the redeemed price is $25. per share. The following is the detail:
    "QUANTUMONLINE.COM SECURITY DESCRIPTION: CHS, Inc., 6.75% Class B Reset Rate Cumulative Redeemable Preferred Stock Series 3, liquidation preference $25 per share, redeemable at the issuer's option on or after 9/30/2024 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 6.75% per annum ($1.6875 per annum or $0.421875 per quarter) will be paid quarterly on 3/31, 6/30, 9/30 & 12/31 through 9/30/2024 to holders of record on the record date that will be the 10th day prior to the payment date or on the record date fixed by the board, not more than 30 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). On and after 9/30/2024 distributions will be paid at an annual rate equal to three-month LIBOR plus a spread of 4.155% but in no event will the rate be greater than 8% per annum. At a change in control, each holder of the Class B Preferred Stock will have the right, for a period of 90 days from the date of the change in control, to require the Issuer to redeem the shares of Class B Series 3 Preferred Stock owned by that holder at $25.00 per share plus all accumulated and unpaid dividends. Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page S-34 of the prospectus for further information). This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
  • J
    Joe
    Any thoughts on if they will call these preferreds? The yield is pretty good by todays standards if there is no call...but not good if it is called. THe last annual meeting conference call they were pretty poker faced (IMO) about this...
    Neutral
  • A
    Anilizer
    Chs has not been this cheap in years even after ipo on chscl. Good safe yield. I thing this is shaping up as a rare opportunity for income investors
  • J
    JAMES
    This preferred tock pays 7.37% dividend and potetially gives the investor a capital gain if the company (CHS) decides to call in the issue because it will pay $25 per share. Invest in CHSCM and one can't lose.
  • L
    Light Lives
    I'm not seeing any news why CHSCO, CHSCM, CHSCL are dropping in value. I know the reported earnings in early November were low but the preferred stocks rebounded and then dropped again. Any other news?
  • N
    Noble
    Got to check this out, updates daily and gives all the short info for the past twenty days https://marketwirenews.com/short-information/NASDAQ/CHSCP
  • Y
    Yahoo Finance Insights
    CHSCP reached a 52 Week low at $25.84
  • Y
    Yahoo Finance Insights
    CHSCP reached a 52 Week low at $26.80
  • Y
    Yahoo Finance Insights
    CHSCP reached a 52 Week low at $26.38
  • Y
    Yahoo Finance Insights
    CHSCP reached a new 52 Week Low at $27.29
  • Y
    Yahoo Finance Insights
    CHSCP reached a new 52 Week Low at $28.40
  • Y
    Yahoo Finance Insights
    CHSCN reached a new 52 Week Low at $25.87
  • Y
    Yahoo Finance Insights
    CHSCM reached a new 52 Week Low at $25.24
  • Y
    Yahoo Finance Insights
    CHSCL reached a new 52 Week Low at $26.86
  • M
    Makayla
    Five, ten and twenty day short information for $CHSCO all put together https://marketwirenews.com/short-information/NASDAQ/CHSCO
  • Y
    Yahoo Finance Insights
    CHSCN reached a new 52 Week Low at 26.23
  • Y
    Yahoo Finance Insights
    CHSCN reached an all time low at $23.01
  • Y
    Yahoo Finance Insights
    CHSCO reached a new 52 Week Low at $27.35
  • Y
    Yahoo Finance Insights
    CHSCO reached a new 52 Week Low at $26.54
  • Y
    Yahoo Finance Insights
    CHSCO reached a 52 Week low at $25.09
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