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CHSCL

25.55000 USD
0.047
0.18%
Last update Oct 31, 3:53 PM EDT
Market closed
Day range
25.5
25.66900
Previous close
25.59700
Open
25.65000
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CHS Inc. 7.50% Class B Cumulative Redeemable ...
25.55
0.05
0.18%

Overview

Description

CHS Inc. 7.5% Perpetual Preferred Stock represents a type of financial instrument issued by CHS Inc., a leading global agribusiness cooperative. This preferred stock is designed to provide fixed-income-like attributes with a 7.5% dividend rate, typically appealing to income-focused investors. As a perpetual security, it does not have a maturity date, meaning it can remain outstanding indefinitely unless the company decides to redeem it. This asset typically holds priority over common stock in the event of a liquidation or bankruptcy, offering an added layer of financial security. It finds particular resonance within the agricultural sector, as CHS Inc. operates extensively in grain trading, crop nutrient provision, food processing, and energy. The issuance of perpetual preferred stock supports CHS Inc. in maintaining flexible capital while managing its balance sheet efficiently. In the broader market, such financial instruments are significant for investors seeking steady income streams and diversification away from traditional equity and debt securities.

About

CEO
Mr. Jay D. Debertin
Employees
0
Address
5500 Cenex Drive
Inver Grove Heights, 55077, MN
United States
Phone
(651) 355-6000
Website
Instrument type
Preferred stock
Sector
Consumer Defensive
Industry
Farm Products
Country
United States
MIC code
XNGS
Market closed

Exchange is currently closed (non-working day)
Pre-market opens in 22 hours 13 minutes

05:47
00:00
23:59

Trading Hours (Monday - Friday):

Pre-market
04:00 - 09:30
Main market
09:30 - 16:00
Post-market
16:00 - 20:00
All times are displayed in the America/New_York timezone (EST, UTC-05:00).