CHS to distribute $258 million thanks to record fiscal '06 earnings
February 20, 2007
by Eric Schroeder
ST. PAUL, MINN. — Boosted by record fiscal 2006 earnings of $490.3 million, CHS Inc. on Monday said it will distribute $258 million to owners in 47 states. The distribution will consist of cash patronage, equity redemption and CHS preferred stock issued as equity redemption, the company said.
"This record return represents one of the most important ways we can deliver on our CHS mission of adding value for all of our stakeholders," said Michael Toelle, chairman, CHS. "The strong performance the company achieved during fiscal 2006 has enabled CHS to continue to grow, to be financially sound and to provide a return on our owners’ investment in diverse businesses ranging from energy to grain marketing to food processing."
CHS said it is distributing the funds to 1,325 member companies and more than 37,000 individuals.