CHS (NASDAQ:CHSCM) Trading Down 0.1% – What’s Next?

CHS Inc. (NASDAQ:CHSCM) shares were down 0.1% during trading on Friday . The company traded as low as $25.08 and last traded at $25.14. Approximately 11,810 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 18,640 shares. The stock had previously closed at $25.16.

CHS Stock Performance

The stock has a 50-day moving average price of $24.92 and a two-hundred day moving average price of $24.89.

CHS Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a dividend of $0.4219 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $1.69 annualized dividend and a yield of 6.7%.

Institutional Trading of CHS

A hedge fund recently bought a new stake in CHS stock. IMA Advisory Services Inc. bought a new stake in shares of CHS Inc. (NASDAQ:CHSCM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,049 shares of the company’s stock, valued at approximately $175,000.

About CHS

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.