CHS (NASDAQ:CHSCM) Trading Down 0.2% – Time to Sell?

CHS Inc. (NASDAQ:CHSCM) fell 0.2% during mid-day trading on Monday . The stock traded as low as $24.36 and last traded at $24.48. Approximately 23,287 shares traded hands during trading, a decline of 7% from the average daily volume of 25,167 shares. The stock had previously closed at $24.53.

CHS Price Performance

The business’s 50 day simple moving average is $24.51 and its 200 day simple moving average is $24.81.

CHS Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a $0.4219 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Wednesday, September 16th.

Hedge Funds Weigh In On CHS

An institutional investor recently bought a new stake in CHS stock. NBC Securities Inc. acquired a new stake in CHS Inc. (NASDAQ:CHSCM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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.