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CHS Inc. raised its dividend to $0.50 per share, yielding 7.2%, as short interest surged 112.7% by December 15.
CHS Inc. (CHSCP) saw short interest rise 112.7% to 11,338 shares by December 15, with a days-to-cover ratio of 0.6 days.
The stock closed flat at $27.77 on Friday, below average volume.
The company declared a quarterly dividend of $0.50 per share, payable December 31, representing an annualized $2.00 and a 7.2% yield.
CHS, a farmer-owned agribusiness cooperative, operates in energy and agriculture, offering fuel, grain marketing, crop nutrients, and risk management services.
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CHS Inc. elevó su dividendo a $0.50 por acción, obteniendo un rendimiento del 7.2%, ya que los intereses cortos aumentaron un 112.7% el 15 de diciembre.