Giant agricultural cooperative CHS (Cenex Harvest States) has reported extremely strong earnings for the quarter and the 9 months ending 5/31/2022.
With strong ag markets (including nitrogen fertilizer) as well as strong oil refining the company is hitting on all cylinders. Net income on the quarter was $576 million with $1.2 billion for the 9 months.
Of course CHS has numerous perpetual preferred stock issues outstanding which can be seen here. Most (if not all) of the issues trade at premium prices–too high for me.
great company and have owned preferred for many years.