CHS (NASDAQ:CHSCM) Shares Up 0.2% – Time to Buy?

CHS Inc. (NASDAQ:CHSCM) shares shot up 0.2% on Monday . The stock traded as high as $24.80 and last traded at $24.74. 24,686 shares traded hands during mid-day trading, a decline of 4% from the average session volume of 25,777 shares. The stock had previously closed at $24.70.

CHS Stock Performance

The firm’s 50-day moving average price is $24.96 and its 200 day moving average price is $24.72.

CHS Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a dividend of $0.4219 per share. This represents a $1.69 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend is Tuesday, December 16th.

Institutional Investors Weigh In On CHS

An institutional investor recently bought a new position in CHS stock. IMA Advisory Services Inc. acquired a new position in shares of CHS Inc. (NASDAQ:CHSCM) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 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.