CHSCN CHS Inc Class B Reset Rate Cumulative Preferred Stock Series 2
Dividends will be cumulative and will be payable quarterly in arrears, if, when and as declared by our Board of Directors, at the rate of 7.100% per annum of the liquidation preference of $25.00 per share (equivalent to $1.775 per share per annum) from and including March 11, 2014 to but excluding March 31, 2024, and thereafter, at an annual rate equal to three-month LIBOR, as determined for the applicable quarterly period, plus a spread of 4.298%, but in no event will the sum of such annual rate and spread be greater than 8% per annum. On and after March 31, 2024, the Class B Series 2 Preferred Stock may be redeemed for cash at the option of CHS, in whole or in part, at a per share redemption price equal to the per share liquidation preference of $25.00, plus accumulated and unpaid dividends, if any, thereon to and including the date of redemption. This security was issued by an entity whose common stock is not publicly traded on a stock exchange.
$24.90 +0.54 (2.22%)
As of 03/24/2023 16:00:00 EST IEX book CBOE book
Security Information
Category1: US Equity
Category2: Preferred stocks
Category3: Non-convertible
GICS sector: Consumer Staples
Industry: Consumer Packaged Goods
Index country: USA
Country of incorporation: USA
IPO date: 03/06/2014
Outstanding shares: 16,800,000
Average volume: 31,617
Market cap: $410,256,000
Current dividend yield: 7.27% calculation
Initial coupon rate: 7.100%
Spread to LIBOR: 0.042980
Cumulative: Yes
Liquidation value: $25.00
Callable after: 03/31/2024
Maturity date: n/a - perpetual
Prospectus: Read on SEC.gov
Sedol: BKJ9QV0