Credit: Shutterstock photoOn 6/12/14, Cenex Harvest States Cooperatives 8% Cumulative Redeemable Preferred Stock (Symbol: CHSCP) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 6/30/14. As a percentage of CHSCP's recent share price of $31.97, this dividend works out to approximately 1.56%, so look for shares of CHSCP to trade 1.56% lower - all else being equal - when CHSCP shares open for trading on 6/12/14. On an annualized basis, the current yield is approximately 6.29%, according to Preferred Stock Channel . The chart below shows the one year performance of CHSCP shares, versus its 200 day moving average:
Looking at the chart above, CHSCP's low point in its 52 week range is $27.32 per share, with $33.40 as the 52 week high point - that compares with a last trade of $31.97.
Below is a dividend history chart for CHSCP, showing historical dividends prior to the most recent $0.50 on Cenex Harvest States Cooperatives 8% Cumulative Redeemable Preferred Stock:
In Tuesday trading, Cenex Harvest States Cooperatives 8% Cumulative Redeemable Preferred Stock (Symbol: CHSCP) is currently up about 0.5% on the day.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
