CHS (NASDAQ:CHSCP) Stock, Quote.Headers.trade-ideas

CHS Inc is an integrated agricultural enterprise, that provides grain, food and energy resources to businesses and consumers. Its Energy segment produces and provides wholesale distribution of petroleum products and transportation of those products. Its Ag segment, which is the key revenue driver, purchases and processes or resells grains and oilseeds; serves as a wholesaler and retailer of crop inputs; produces and markets ethanol. Its Nitrogen Production segment consists of equity method investment in CF Nitrogen, which entitles to the purchase of up to a specified quantity of granular urea and UAN annually from CF Nitrogen. Maximum revenue is generated from Ag segment.

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	CHS Inc (NASDAQ: CHSCP) announced the offering of E15 fuel through 19 additional fuel terminals starting in early August 2021, expanding access to higher ethanol blend fuels.


CHS Expands E15 Fuel Access In 19 Additional Fuel Terminals

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CHS Inc

&nbsp;CHS Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHSCP#NASDAQ">CHSCP</a>), the nation&#39;s leading agribusiness cooperative, today released results for its&nbsp;third quarter&nbsp;ended&nbsp;May 31, 2023. The company reported quarterly net income of&nbsp;$547.5 million&nbsp;compared to a record&nbsp;third quarter&nbsp;net income of&nbsp;$576.6 million&nbsp;in fiscal year 2022. For the first nine months of fiscal year 2023, the company reported net income of&nbsp;$1.6 billion&nbsp;and revenues of&nbsp;$36.1 billion, compared to net income of&nbsp;$1.2 billion&nbsp;and revenues of&nbsp;$34.4 billion&nbsp;recorded during the same period of fiscal year 2022.
<a href="https://mma.prnewswire.com/media/1806494/CHS_Foundation_Logo.html" target="_blank"><img alt="(PRNewsfoto/CHS Inc.)" src="https://mma.prnewswire.com/media/1806494/CHS_Foundation_Logo.jpg" /></a>
Fiscal 2023&nbsp;third quarter&nbsp;highlights include:
<ul>
<li>Our Energy segment delivered strong earnings, reflecting sustained favorable market conditions in our refined fuels business.</li>
<li>Improved soybean and canola crush margins due to strong meal and oil demand resulted in higher earnings in our oilseed processing business.</li>
<li>Market-driven price decreases for wholesale and retail agronomy products resulted in lower margins versus the same period last year.</li>
</ul>
&quot;Consumer demand remains strong for energy and oilseed products, and our joint venture investments continue to contribute to strong earnings and round out our well-diversified portfolio,&quot; said&nbsp;Jay Debertin, president and CEO of CHS Inc. &quot;As we enter the end of our fiscal year, opportunities remain for profitability and growth in the agriculture industry, and CHS is well-positioned to maximize value for our member cooperatives, farmer-owners and customers.&quot;
Energy
Pretax earnings of&nbsp;$199 million&nbsp;for the&nbsp;third quarter&nbsp;of fiscal year 2023 represent a&nbsp;$35.8 million&nbsp;increase versus the prior year period and reflect:
<ul>
<li>Strong refining margins attributed to global market conditions and favorable pricing of heavy Canadian crude oil in our refined fuels business</li>
<li>Higher margins were partially offset by decreased refined fuels production volumes related to planned major maintenance at our refinery in&nbsp;Laurel, Mont.</li>
</ul>
Ag
Pretax earnings of&nbsp;$233.5 million&nbsp;represent a&nbsp;$40.2 million&nbsp;decrease in earnings versus the prior year period and reflect:
<ul>
<li>Increased margins in our grain and oilseed and processing product categories, due primarily to strong meal and oil demand</li>
<li>Market-driven price decreases, particularly for wholesale and retail agronomy products, which led to lower margins</li>
</ul>
Nitrogen Production
Pretax earnings of&nbsp;$56.3 million&nbsp;represent a&nbsp;$121.9 million&nbsp;decrease versus the prior year period due to lower equity income from CF Nitrogen attributed to decreased market prices of urea and UAN.
Corporate and Other
Pretax earnings of&nbsp;$69.3 million&nbsp;represent a&nbsp;$45.8 million&nbsp;increase versus the prior year period and reflect improved equity income from our Ventura Foods joint venture and increased interest income due to higher interest rates.
<table border="1" cellpadding="1" cellspacing="0">
<tbody>
<tr>
<td colspan="8" rowspan="1">
CHS Inc. Earnings&#x2A;
</td>
</tr>
<tr>
<td colspan="8" rowspan="1">
by Segment
</td>
</tr>
<tr>
<td colspan="8" rowspan="1">
(in thousands $)
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="3" rowspan="1">
Three Months Ended May 31,
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="3" rowspan="1">
Nine Months Ended May 31,
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
2023
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
2022
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
2023
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
2022
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Energy
</td>
<td colspan="1" rowspan="1">
$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 198,995
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 163,241
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 860,411
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 243,262
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Ag
</td>
<td colspan="1" rowspan="1">
233,515
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
273,688
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
439,248
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
615,294
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Nitrogen Production
</td>
<td colspan="1" rowspan="1">
56,263
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
178,212
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
234,869
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
429,052
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Corporate and Other
</td>
<td colspan="1" rowspan="1">
69,347
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
23,596
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
154,084
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
48,619
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Income before income taxes
</td>
<td colspan="1" rowspan="1">
558,120
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
638,737
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
1,688,612
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
1,336,227
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Income tax expense
</td>
<td colspan="1" rowspan="1">
10,777
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
62,492
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
66,305
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
89,143
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Net income
</td>
<td colspan="1" rowspan="1">
547,343
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
576,245
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
1,622,307
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
1,247,084
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Net loss attributable to noncontrolling interests
</td>
<td colspan="1" rowspan="1">
(156)
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
(329)
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
(111)
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
(451)
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Net income attributable to CHS Inc.&nbsp;
</td>
<td colspan="1" rowspan="1">
$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 547,499
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 576,574
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$&nbsp;&nbsp;&nbsp;&nbsp; 1,622,418
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$&nbsp;&nbsp;&nbsp;&nbsp; 1,247,535
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
&#x2A;Earnings is defined as income (loss) before income taxes.
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
</tr>
</tbody>
</table>

Earnings

CHS Reports Q3 Earnings; Strong Global Demand Generated $547.5M In Net Income For Q3 FY23

Second Quarter&nbsp;Net Income of&nbsp;$292.3&nbsp;Million in Fiscal Year 2023&nbsp;Reflects Strong Energy Market Conditions
ST. PAUL, Minn.,&nbsp;April 5, 2023&nbsp;/PRNewswire/ -- CHS Inc., (NASDAQ:&nbsp;CHSCP) &nbsp;the nation&#39;s leading agribusiness cooperative, today released results for its&nbsp;second quarter&nbsp;ended&nbsp;Feb. 28, 2023. The company reported quarterly net income of&nbsp;$292.3 million&nbsp;compared to&nbsp;$219.0 million&nbsp;in the&nbsp;second quarter&nbsp;of fiscal year 2022. For the first six months of fiscal year 2023, the company reported net income of&nbsp;$1.1 billion&nbsp;and revenues of&nbsp;$24.1 billion&nbsp;compared to net income of&nbsp;$671.0 million&nbsp;and revenues of&nbsp;$21.2 billion&nbsp;recorded in the first half of fiscal year 2022.
Fiscal 2023&nbsp;second quarter&nbsp;highlights include:
<ul>
<li>Revenues of&nbsp;$11.3 billion&nbsp;compared to&nbsp;$10.3 billion&nbsp;in the&nbsp;second quarter&nbsp;of fiscal year 2022, a year-over-year increase of&nbsp;9%.</li>
<li>Strong refining margins and market conditions in our refined fuels business drove significantly improved earnings in our Energy segment.</li>
<li>Decreased prices for agronomy products and ethanol contributed to lower earnings in our Ag segment.</li>
<li>Our CF Nitrogen investment delivered solid earnings due to strong global demand for urea and UAN, although selling prices for those products have decreased.</li>
</ul>
&quot;Strong global demand for commodities and improved market conditions for refined fuels led to increased earnings for the quarter, as well as the first half of the fiscal year,&quot; said&nbsp;Jay Debertin, president and CEO of CHS Inc. &quot;The strength of our diversified portfolio offset margin pressures experienced within our Ag segment, particularly wholesale and retail agronomy products. Looking ahead, we will continue to invest on behalf of our owners in infrastructure, supply chain capabilities and innovative technology throughout our expansive global network to maximize value for our member cooperatives, farmer-owners and customers.&quot;
Energy
Pretax earnings of&nbsp;$264.8 million&nbsp;for the&nbsp;second quarter&nbsp;of fiscal year 2023 represent a&nbsp;$254.0 million&nbsp;increase versus the prior year period and reflect:
<ul>
<li>Higher refining margins resulting from increased global demand, favorable pricing on heavy Canadian crude oil and improved market conditions for refined fuels</li>
<li>Higher propane margins driven by global markets and price volatility</li>
<li>Higher prices for renewable energy credits that partially offset higher margins</li>
</ul>
Ag
Pretax losses of&nbsp;$81.6 million&nbsp;represent a&nbsp;$136.7 million&nbsp;decrease in earnings versus historically strong earnings in the prior year period and reflect:
<ul>
<li>Lower margins due to market-driven price decreases across most Ag segment categories, including wholesale and retail agronomy products and renewable fuels</li>
<li>A reduction in oilseed processing margins due to the timing of the impact of mark-to-market adjustments</li>
</ul>
Nitrogen Production
Pretax earnings of&nbsp;$81.7 million&nbsp;represent a&nbsp;$72.5 million&nbsp;decrease versus the prior year period due to lower equity income from CF Nitrogen attributed to a decrease in urea and UAN selling prices.
Corporate and Other
Pretax earnings of&nbsp;$48.0 million&nbsp;represent a&nbsp;$37.5 million&nbsp;increase versus the prior year period and reflect increased interest income resulting from higher interest rates, as well as improved equity income from our Ventura Foods joint venture, which experienced more favorable market conditions for edible oils.
<table border="1" cellpadding="1" cellspacing="0">
<tbody>
<tr>
<td colspan="8" rowspan="1">
CHS Inc. Earnings&#x2A;
</td>
</tr>
<tr>
<td colspan="8" rowspan="1">
by Segment
</td>
</tr>
<tr>
<td colspan="8" rowspan="1">
(in thousands $)
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="3" rowspan="1">
Three Months Ended
			February 28,
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="3" rowspan="1">
Six Months Ended
			February 28,
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
2023
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
2022
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
2023
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
2022
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Energy
</td>
<td colspan="1" rowspan="1">
$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 264,822
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10,832
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 661,416
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80,021
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Ag
</td>
<td colspan="1" rowspan="1">
(81,566)
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
55,181
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
205,733
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
341,606
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Nitrogen Production
</td>
<td colspan="1" rowspan="1">
81,733
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
154,257
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
178,606
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
250,840
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Corporate and Other
</td>
<td colspan="1" rowspan="1">
48,033
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
10,557
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
84,737
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
25,023
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Income before income taxes
</td>
<td colspan="1" rowspan="1">
313,022
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
230,827
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
1,130,492
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
697,490
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Income tax expense
</td>
<td colspan="1" rowspan="1">
20,974
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
11,931
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
55,528
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
26,651
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Net income
</td>
<td colspan="1" rowspan="1">
292,048
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
218,896
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
1,074,964
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
670,839
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Net (loss) income attributable to noncontrolling
			interests
</td>
<td colspan="1" rowspan="1">
(273)
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
(104)
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
45
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
(122)
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Net income attributable to CHS Inc.&nbsp;
</td>
<td colspan="1" rowspan="1">
$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 292,321
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 219,000
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$&nbsp;&nbsp;&nbsp;&nbsp; 1,074,919
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 670,961
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
&#x2A;Earnings is defined as income (loss) before income taxes.
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
</tr>
</tbody>
</table>
CHS Inc. (<a href="http://www.chsinc.com/">www.chsinc.com</a>) creates connections to empower agriculture. As a leading global agribusiness and the largest farmer-owned cooperative in&nbsp;the United States, CHS serves customers in 65 countries and employs nearly 10,000 people worldwide. We provide critical crop inputs, market access and risk management services that help farmers feed the world. Our diversified agronomy, grains, foods and energy businesses recorded revenues of&nbsp;$47.8 billion&nbsp;in fiscal year 2022. We advance sustainability through our commitment to being stewards of the environment, building economic viability and strengthening community and employee well-being.

CHS Reports Q2 Earnings; Revenue $292.3M Vs $219M YoY

Investment in Sabanto designed to help drive turn-key autonomy solutions for farmers and ag retailers while improving sustainability
Cooperative Ventures, a venture capital fund formed by&nbsp;North America&#39;s&nbsp;leading agricultural cooperatives, today announced its first investment in Sabanto, a hardware and software company on the forefront of developing autonomous capabilities in tractors. Sabanto, founded in 2018, is deploying fully-autonomous machinery performing row crop field operations throughout the U.S.
&quot;We&#39;re very enthusiastic about the strategic benefits presented by the Sabanto investment,&quot; said GROWMARK Director of Innovation&nbsp;Heather Thompson. &quot;The labor shortage in ag retail is a very real problem. Autonomy presents an exciting solution but adopting autonomous equipment creates a new set of challenges for traditional operations. By partnering with Sabanto, GROWMARK and our FS cooperatives have the advanced opportunity to test and learn the impacts of this cutting-edge technology.&quot;
Sabanto is currently focused on retrofitting 60 to 200 horsepower tractors to operate autonomously. Already, Sabanto has proven its ability to automate a variety of row crop field operations, including planting, tillage, spraying, and mowing over thousands of acres throughout the Midwest.
&quot;While many autonomous equipment startups are focused on specialty crops, we believe Sabanto&#39;s focus on row crops presents a tremendous opportunity for farmers and our member owners,&quot; said CHS Director of Innovation and Sustainability&nbsp;Ben Van Straten. &quot;This truly is an evolution of agriculture with the potential to lower equipment and labor costs for farmers and ag retailers by using smaller tractors that are more fuel efficient while further improving sustainability through less soil compaction.&quot;
&quot;Cooperative Ventures&#39; investment is a testament to the importance of autonomy in the future of row crop agriculture. Given the vast network of customers and acres across GROWMARK and CHS, the path to autonomous field operations will certainly be accelerated,&quot; remarked&nbsp;Craig Rupp, the CEO of Sabanto.
This first investment by Cooperative Ventures is aligned with the capital fund&#39;s core investment areas, or &quot;Fields of Play,&quot; to maximize the impact of each investment:&nbsp; crop production, supply chain, farm business enablement, and sustainability.

Cooperative Ventures Announces First Investment In Ag Startup

CHS Inc. 8K Filing Co. Intends To Return $1B In Cash To Owners; Intends To Return A Total Of $1B In Cash Patronage And Equity Redemptions To Its Owners In FY23

&nbsp;CHS Inc.,(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHSCP#NASDAQ">CHSCP</a>) the nation&#39;s leading agribusiness cooperative, today released results for its&nbsp;first quarter&nbsp;ended&nbsp;Nov. 30, 2021. The company reported record quarterly net income of&nbsp;$452.0 million&nbsp;compared to&nbsp;$69.7 million&nbsp;in the&nbsp;first quarter&nbsp;of fiscal year 2021. The significant improvement in earnings was largely driven by strong global demand across key businesses compared with lower demand during the same period a year ago as a result of the COVID-19 pandemic.&nbsp;
Fiscal 2022&nbsp;first quarter&nbsp;highlights include:
<ul>
<li>The Ag segment experienced robust global demand that drove commodity prices higher leading to a significant improvement in earnings compared to the same period during the prior year.</li>
<li>Strong demand and global market forces in the agronomy business resulted in improved earnings compared to the&nbsp;first quarter&nbsp;of 2021.</li>
<li>Refining margins were higher in our Energy segment and we also experienced more favorable pricing for Canadian crude oil which is processed by our refineries.</li>
<li>Equity earnings from the company&#39;s CF Nitrogen investment improved as a result of increased urea and urea ammonium nitrate pricing due to favorable market conditions.</li>
</ul>
&quot;Our exceptionally strong financial performance in the&nbsp;first quarter&nbsp;of fiscal year 2022 reflects the support of local cooperatives and producers, as well as the hard work and dedication of our employees around the world, who remain focused on delivering superior value for our owners. That support and hard work, along with the investments we continue to make in critical assets and technology advancements are leading to operational improvements and stronger customer engagement, which are driving earnings momentum,&quot; said&nbsp;Jay Debertin, president and CEO of CHS Inc.
&quot;Our Energy segment continues to see both margin and volume expansion driven by increased global demand. I remain positive for the year ahead as we continue to improve the customer experience and create efficiency gains throughout our expansive network, all of which is leading to increased market access, added value and sustainable growth for our local cooperative and farmer owners.&quot;
Energy
Pretax earnings of&nbsp;$69.2 million&nbsp;represent a&nbsp;$136.4 million&nbsp;increase versus the same period a year ago and reflect:
<ul>
<li>Improved market conditions in our refined fuels business led to increased earnings, driven by higher refining margins and more favorable pricing of heavy Canadian crude oil processed by our two CHS refineries.</li>
<li>Higher refining margins were partially offset by the higher cost of renewable energy credits compared to a year ago. Additionally, lower propane margins due to the reversal of unrealized hedging gains also impacted the&nbsp;first quarter&nbsp;of fiscal 2022.</li>
</ul>
Ag
Pretax earnings of&nbsp;$286.4 million&nbsp;represent a&nbsp;$203.4 million&nbsp;increase versus the same period a year ago and reflect:
<ul>
<li>Higher margins across all our Ag segment businesses resulted from strong global market conditions and robust demand for agronomy products, grains and oilseeds, soyoil and soymeal.</li>
<li>Lower volumes in the quarter were attributable to a smaller overall wheat crop due to drought conditions in some parts of&nbsp;the United States&nbsp;and the impact from Hurricane Ida on the Gulf Coast.</li>
</ul>
Nitrogen Production
Pretax earnings of&nbsp;$96.6 million&nbsp;represents a&nbsp;$92.1 million&nbsp;increase versus the same period a year ago and reflect:
<ul>
<li>Higher equity method income attributed to strong demand and increased prices of urea and urea ammonium nitrate which are produced and sold by CF Nitrogen.</li>
</ul>
Corporate and Other
Pretax earnings of&nbsp;$14.5 million&nbsp;represent a&nbsp;$10.3 million&nbsp;decrease versus the same period a year ago and reflect:
<ul>
<li>Lower equity income from our investment in Ventura Foods, which experienced less favorable market conditions for edible oils.</li>
</ul>

CHS Reports Q1 2021 Net Income $452M

CHSCL

CHSCM

CHSCN

CHSCO

CHS Reports Fiscal Year 2021 Net Income of $554M, Up 31% YoY

<ul>
<li>CHS Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chscp#NASDAQ">CHSCP</a>) announced the offering of E15 fuel through 19 additional fuel terminals starting in early August 2021, expanding access to higher ethanol blend fuels.</li>
<li>CHS is registered with the U.S. Environmental Protection Agency (EPA) as an E15 manufacturer and sells E15 as an approved grade of fuel through its Cenex brand retail locations.</li>
<li>To make E15 more accessible, CHS has removed barriers for its Cenex brand retail locations by establishing an EPA-approved misfueling mitigation plan and establishing E15 as a qualifying grade of fuel.</li>
<li>Price action:&nbsp;CHSCP shares are trading lower by 0.37% at $28.84 on the last check Monday.</li>
</ul>

CHS Reports Q2 Sales $8.3B Up From $6.6B YoY

CHS To Expand Access To Higher Ethanol Blend Fuels By Offering E15 Through 10 Added Fuel Terminals Starting Apr. 2021

CHS Q1 Sales $7.6B vs $8.5B In Same Qtr. Last Year, Net Income $177.9M vs $347.5M Year Over Year

Guidance

CHS Reports Fiscal Year 2019 Net Income of $829.9 Million Ending Aug. 31, 2019

CHS Reports Q3 Sales $8.5B From $9.1B YoY

CHS Q2 Net Income $248.8M vs $166M In Same Qtr. Last Year, Sales $6.5B vs $7B Year Over Year

CHS Q1 Net Income $347.1M

Movers

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Stocks Which Set New 52-Week Low Yesterday, Tues., Dec. 20, 2018

<ul>
<li>Altra Industrial Motion (NASDAQ:<a class="ticker" href="/stock/AIMC#NASDAQ">AIMC</a>) - 0.17 dividend</li>
<li>BlackRock TCP Capital (NASDAQ:<a class="ticker" href="/stock/TCPC#NASDAQ">TCPC</a>) - 0.36 dividend</li>
<li>CHS (NASDAQ:<a class="ticker" href="/stock/CHSCN#NASDAQ">CHSCN</a>) - 0.44375 dividend</li>
<li>Spirit AeroSystems (NYSE:<a class="ticker" href="/stock/SPR#NYSE">SPR</a>) - 0.12 dividend</li>
<li>NexPoint Residential Trst (NYSE:<a class="ticker" href="/stock/NXRT#NYSE">NXRT</a>) - 0.275 dividend</li>
<li>KBR (NYSE:<a class="ticker" href="/stock/KBR#NYSE">KBR</a>) - 0.08 dividend</li>
<li>John Bean Technologies (NYSE:<a class="ticker" href="/stock/JBT#NYSE">JBT</a>) - 0.1 dividend</li>
<li>Viacom (NASDAQ:<a class="ticker" href="/stock/VIA#NASDAQ">VIA</a>) - 0.2 dividend</li>
<li>CHS (NASDAQ:<a class="ticker" href="/stock/CHSCL#NASDAQ">CHSCL</a>) - 0.46875 dividend</li>
<li>OFS Capital (NASDAQ:<a class="ticker" href="/stock/OFS#NASDAQ">OFS</a>) - 0.34 dividend</li>
<li>Oaktree Specialty Lending (NASDAQ:<a class="ticker" href="/stock/OCSL#NASDAQ">OCSL</a>) - 0.095 dividend</li>
<li>Global Self Storage (NASDAQ:<a class="ticker" href="/stock/SELF#NASDAQ">SELF</a>) - 0.065 dividend</li>
<li>Restaurant Brands Intl (NYSE:<a class="ticker" href="/stock/QSR#NYSE">QSR</a>) - 0.45 dividend</li>
<li>Allegion (NYSE:<a class="ticker" href="/stock/ALLE#NYSE">ALLE</a>) - 0.21 dividend</li>
<li>Hudson Pacific Properties (NYSE:<a class="ticker" href="/stock/HPP#NYSE">HPP</a>) - 0.25 dividend</li>
<li>Viacom (NASDAQ:<a class="ticker" href="/stock/VIAB#NASDAQ">VIAB</a>) - 0.2 dividend</li>
<li>US Global Investors (NASDAQ:<a class="ticker" href="/stock/GROW#NASDAQ">GROW</a>) - 0.0025 dividend</li>
<li>Quanex Building Products (NYSE:<a class="ticker" href="/stock/NX#NYSE">NX</a>) - 0.08 dividend</li>
<li>SpartanNash (NASDAQ:<a class="ticker" href="/stock/SPTN#NASDAQ">SPTN</a>) - 0.18 dividend</li>
<li>Sabine Royalty (NYSE:<a class="ticker" href="/stock/SBR#NYSE">SBR</a>) - 0.39995 dividend</li>
<li>Stock Yards Bancorp (NASDAQ:<a class="ticker" href="/stock/SYBT#NASDAQ">SYBT</a>) - 0.25 dividend</li>
<li>Rayonier (NYSE:<a class="ticker" href="/stock/RYN#NYSE">RYN</a>) - 0.27 dividend</li>
<li>Avid Bioservices (NASDAQ:<a class="ticker" href="/stock/CDMOP#NASDAQ">CDMOP</a>) - 0.65625 dividend</li>
<li>Taubman Centers (NYSE:<a class="ticker" href="/stock/TCO#NYSE">TCO</a>) - 0.655 dividend</li>
<li>Oxford Square Capital (NASDAQ:<a class="ticker" href="/stock/OXSQ#NASDAQ">OXSQ</a>) - 0.2 dividend</li>
<li>Thermo Fisher Scientific (NYSE:<a class="ticker" href="/stock/TMO#NYSE">TMO</a>) - 0.17 dividend</li>
<li>Tootsie Roll Industries (NYSE:<a class="ticker" href="/stock/TR#NYSE">TR</a>) - 0.09 dividend</li>
<li>Midsouth Bancorp (NYSE:<a class="ticker" href="/stock/MSL#NYSE">MSL</a>) - 0.01 dividend</li>
<li>Owens &amp; Minor (NYSE:<a class="ticker" href="/stock/OMI#NYSE">OMI</a>) - 0.075 dividend</li>
<li>MTS Systems (NASDAQ:<a class="ticker" href="/stock/MTSC#NASDAQ">MTSC</a>) - 0.3 dividend</li>
<li>Merck &amp; Co (NYSE:<a class="ticker" href="/stock/MRK#NYSE">MRK</a>) - 0.55 dividend</li>
<li>Methanex (NASDAQ:<a class="ticker" href="/stock/MEOH#NASDAQ">MEOH</a>) - 0.33 dividend</li>
<li>Berry Petroleum (NASDAQ:<a class="ticker" href="/stock/BRY#NASDAQ">BRY</a>) - 0.12 dividend</li>
<li>NewMarket (NYSE:<a class="ticker" href="/stock/NEU#NYSE">NEU</a>) - 1.75 dividend</li>
<li>Packaging Corp of America (NYSE:<a class="ticker" href="/stock/PKG#NYSE">PKG</a>) - 0.79 dividend</li>
<li>Hanover Insurance Group (NYSE:<a class="ticker" href="/stock/THG#NYSE">THG</a>) - 0.6 dividend</li>
<li>Iron Mountain (NYSE:<a class="ticker" href="/stock/IRM#NYSE">IRM</a>) - 0.611 dividend</li>
<li>Horace Mann Educators (NYSE:<a class="ticker" href="/stock/HMN#NYSE">HMN</a>) - 0.285 dividend</li>
<li>Hooker Furniture (NASDAQ:<a class="ticker" href="/stock/HOFT#NASDAQ">HOFT</a>) - 0.15 dividend</li>
<li>BlackRock Resources (NYSE:<a class="ticker" href="/stock/BCX#NYSE">BCX</a>) - 0.0516 dividend</li>
<li>Johnson Controls Intl (NYSE:<a class="ticker" href="/stock/JCI#NYSE">JCI</a>) - 0.26 dividend</li>
<li>ARMOUR Residential REIT (NYSE:<a class="ticker" href="/stock/ARR#NYSE">ARR</a>) - 0.19 dividend</li>
<li>Retail Value (NYSE:<a class="ticker" href="/stock/RVI#NYSE">RVI</a>) - 1.3 dividend</li>
<li>Lamar Advertising (NASDAQ:<a class="ticker" href="/stock/LAMR#NASDAQ">LAMR</a>) - 0.92 dividend</li>
<li>Leidos Holdings (NYSE:<a class="ticker" href="/stock/LDOS#NYSE">LDOS</a>) - 0.32 dividend</li>
<li>DTE Energy (NYSE:<a class="ticker" href="/stock/DTE#NYSE">DTE</a>) - 0.945 dividend</li>
<li>CHS (NASDAQ:<a class="ticker" href="/stock/CHSCM#NASDAQ">CHSCM</a>) - 0.421875 dividend</li>
<li>First Citizens BancShares (NASDAQ:<a class="ticker" href="/stock/FCNCA#NASDAQ">FCNCA</a>) - 0.4 dividend</li>
<li>Eastman Chemical (NYSE:<a class="ticker" href="/stock/EMN#NYSE">EMN</a>) - 0.62 dividend</li>
<li>Banc of California (NYSE:<a class="ticker" href="/stock/BANC#NYSE">BANC</a>) - 0.13 dividend</li>
<li>Empire State Realty (NYSE:<a class="ticker" href="/stock/ESRT#NYSE">ESRT</a>) - 0.105 dividend</li>
<li>CHS (NASDAQ:<a class="ticker" href="/stock/CHSCO#NASDAQ">CHSCO</a>) - 0.492188 dividend</li>
<li>Hess (NYSE:<a class="ticker" href="/stock/HES#NYSE">HES</a>) - 0.25 dividend</li>
<li>Amphenol (NYSE:<a class="ticker" href="/stock/APH#NYSE">APH</a>) - 0.23 dividend</li>
<li>C.H. Robinson Worldwide (NASDAQ:<a class="ticker" href="/stock/CHRW#NASDAQ">CHRW</a>) - 0.5 dividend</li>
<li>Camden Prop Trust (NYSE:<a class="ticker" href="/stock/CPT#NYSE">CPT</a>) - 0.77 dividend</li>
<li>Belden (NYSE:<a class="ticker" href="/stock/BDC#NYSE">BDC</a>) - 0.05 dividend</li>
<li>Ares Management (NYSE:<a class="ticker" href="/stock/ARES#NYSE">ARES</a>) - 0.28 dividend</li>
<li>The Western Union (NYSE:<a class="ticker" href="/stock/WU#NYSE">WU</a>) - 0.19 dividend</li>
<li>Children&#39;s Place (NASDAQ:<a class="ticker" href="/stock/PLCE#NASDAQ">PLCE</a>) - 0.5 dividend</li>
<li>XAI Octagon FR &amp; Alt (NYSE:<a class="ticker" href="/stock/XFLT#NYSE">XFLT</a>) - 0.069 dividend</li>
<li>Saratoga Investment (NYSE:<a class="ticker" href="/stock/SAR#NYSE">SAR</a>) - 0.53 dividend</li>
<li>Rayonier Advanced (NYSE:<a class="ticker" href="/stock/RYAM#NYSE">RYAM</a>) - 0.07 dividend</li>
<li>Camping World Holdings (NYSE:<a class="ticker" href="/stock/CWH#NYSE">CWH</a>) - 0.0732 dividend</li>
<li>Camping World Holdings (NYSE:<a class="ticker" href="/stock/CWH#NYSE">CWH</a>) - 0.08 dividend</li>
<li>Hillenbrand (NYSE:<a class="ticker" href="/stock/HI#NYSE">HI</a>) - 0.21 dividend</li>
<li>PIMCO Corporate &amp; Income (NYSE:<a class="ticker" href="/stock/PCN#NYSE">PCN</a>) - 0.08 dividend</li>
<li>BlackRock Energy (NYSE:<a class="ticker" href="/stock/BGR#NYSE">BGR</a>) - 0.0776 dividend</li>
<li>CHS (NASDAQ:<a class="ticker" href="/stock/CHSCP#NASDAQ">CHSCP</a>) - 0.5 dividend</li>
<li>Just Energy Group (NYSE:<a class="ticker" href="/stock/JE#NYSE">JE</a>) - 0.125 dividend</li>
<li>Oaktree Strategic Income (NASDAQ:<a class="ticker" href="/stock/OCSI#NASDAQ">OCSI</a>) - 0.155 dividend</li>
<li>Solaris Oilfield Infra (NYSE:<a class="ticker" href="/stock/SOI#NYSE">SOI</a>) - 0.1 dividend</li>
</ul>
Why this information is important: &ldquo;Ex-dividend date&rdquo; refers to the day a stock will begin trading excluding the value of the dividend which is currently being paid to shareholders. On the date the stock will begin trading ex dividend, the value of the current per-share dividend will be removed from the value of the stock. For example, if Apple paid a $2 per share dividend on May 10, shares of Apple should technically be trading $2 lower at the start of that day&rsquo;s trading

Dividends

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XAI Octagon Floating Rate & Alternative Income Term Trust Common Shares of Beneficial Interest

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Stocks Trading Ex Dividend For Fri., Dec. 14 2018

CHS Inc Files Non-Timely 10-K

Technicals

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BlackRock 2022 Global Income Opportunity Trust Common Shares of Beneficial Interest

BGIO

Brighthouse Financial, Inc. - Common Stock

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Stocks Which Set New 52-Week Low Yesterday, October 29th

UPDATE: CHS Says Will Attempt To File Restated Financial Statements, 10-K For FY18 By Nov. 29, 2018

UPDATE: CHS Says Co. 'concluded that the control deficiencies that failed to detect the misconduct, misstatements and accounting errors...constituted a material weakness in internal control over financial reporting...'

In today's unsettled and rapidly changing macroeconomic environment, especially as inflation remains elevated, investors should look to farmland for stable returns and protection against inflation.

Join The Rich: Buy Farmland

CHS intends to return $730M to owners in cash patronage and equity redemptions

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Many investors are pivoting to <a href="https://investorplace.com/stock-types/dividend-stocks/">dividend stocks</a> for safety after the recent stock market plunge. Although the stock market has recovered quite a bit since then, this could be a temporary bounce before things get worse.&nbsp;There are multiple macroeconomic variables that show&nbsp;that things may not be so rosy after all. The <a href="https://www.investopedia.com/gdp-growth-slowed-to-2-2-in-q1-as-high-interest-rates-drag-economy-8638775">GDP growth slowed down to 1.6%</a>, significantly lower than the expected growth rate of 2.2%. On the other hand, <a href="https://www.wsj.com/economy/inflation-february-cpi-report-interest-rate-b827c0e7">inflation came in slightly hotter than expected</a> and many are no longer sure about how rate cuts are going to unfold going forward. This sort of uncertainty is what drives the market down.



Of course, I&rsquo;m not saying that a soft landing is not possible or that you should dump all your growth plays. I think moving away some gains from red-hot tech and <a href="https://investorplace.com/industries/technology/artificial-intelligence/">AI stocks</a> to more defensive positions makes sense. Here are the seven dividend stocks you should consider moving into:



<h2>CHS Inc Preferred Shares (CHSCP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/farming-2-300x169.jpg" alt="Image of a tractor cultivating field"><div>Source: Shutterstock</div></div>CHS Inc (NASDAQ:<a href="https://investorplace.com/stock-quotes/chscp-stock-quote/">CHSCP</a>) is a Fortune 500 secondary cooperative owned by United States agricultural cooperatives. Simply put, it is a farming company. CHSCP are preferred shares, and such preferred shares are some of the most stable in the market. This preferred share has a dividend yield of 6.62%. Of course, as with most shares, you are still going to see a fair level of volatility going forward. However, this is quite muted here. The stock has been essentially flat over the past five years. It has gone down around 10-15% even during the COVID shock and has bounced back swiftly.



If you want to ride out the storm, it is a good idea to buy CHSCP and sit on the dividends. The core business here is rock solid. It has a fair amount of debt compared to cash, but the business has been solidly profitable for many years, even through the great recession. You are unlikely to face a big shock here. Demand for agriculture products is one of the stickiest in the economy, so I remain bullish on CHSCP. It is one of the most stable dividend stocks you can buy.



<h2>Ennis (EBF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/09/printer_1600-300x169.jpg" alt="A test page with various bright colors is shown printing from a wide format inkjet printer."><div>Source: 3d_man / Shutterstock.com</div></div>Ennis (NYSE:<a href="https://investorplace.com/stock-quotes/ebf-stock-quote/">EBF</a>) makes business forms and printed business products. This is an ordinary stock, but the safety here is also very good. The <a href="https://www.gurufocus.com/term/zscore/EBF">Altman-Z score of 8.31</a> puts it firmly in the safe category. Thus, any sort of recession would not knock this company off its track.



Gurufocus puts the fair value of this company around $20 and expects this fair value to remain unchanged. The dividend yield here is just above 5% at 5.02% as of writing, which is better than 90% of the company&rsquo;s industry peers. Many people would argue that business forms and printing is a declining business due to things becoming more digitalized, and you&rsquo;d be right. However, I see little changes going forward. Things that could be digitalized have already been digitalized. The negative sales growth metric does not concern me as long as this company keeps churning out cash and pays dividends &ndash; this is a safety play, not a growth play.



Moreover, Ennis was recently mentioned by Bank of America as a potential small-cap target.



<h2>Philip Morris (PM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/cigarettes-300x169.jpg" alt="packs of cigarettes in convenience store rack"><div>Source: defotoberg / Shutterstock.com</div></div>If you thought Ennis was old and boring, Philip Morris (NYSE:<a href="https://investorplace.com/stock-quotes/pm-stock-quote/">PM</a>) is twice as boring. This is a company that makes cigarettes, tobacco products, and other nicotine products. Yes, people still smoke a lot these days, but the company&rsquo;s growth days are well in the past. Nicotine products are now a taboo that people avoid. Cigarette smoking has become heavily stigmatized due to the well-established links between cigarettes and serious health issues like lung cancer, heart disease, and other smoking-related illnesses. E-cigarettes aren&rsquo;t excluded from this either.&nbsp;In fact,&nbsp;I wouldn&rsquo;t be wrong to say that smoking cannabis is much more acceptable than smoking cigarettes nowadays.



This has a big impact on how big institutions view this company. You&rsquo;re unlikely to see big credit upgrades here. Still, the financial footing is solid here. The company has a huge amount of <a href="https://www.gurufocus.com/stock/PM/financials">debt at $50.4 billion</a> but the stock remains one of the most stable as investors know interest rates will inevitably come down in the coming years. PM currently has a dividend yield of 5.4%. Even with that huge debt load, Philip Morris had a 24% net margin and posted profits of $2.15 billion in Q1. Definitely a top-tier pick among dividend stocks!



<h2>Atlas Corp Preferred Shares Series D (ATCO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/08/cash-300x169.jpg" alt="A pink piggy bank sits on top of piles of cash to represent cash-rich stocks"><div>Source: Shutterstock</div></div>Atlas Corp (NYSE:<a href="https://investorplace.com/stock-quotes/atco-stock-quote/">ATCO</a>) is an asset management company. It has two subsidiaries, Seaspan and APR, which operate in the global maritime and energy spaces. ATCO-D are preferred shares. As I have said before, preferred shares are some of the most stable in the market, this also makes them one of the safest dividend stocks. The stock&rsquo;s liquidation preference (a clause in a contract that dictates the payout order in case of a corporate liquidation) sits at $25, and ATCO-D has been trading around that valuation.



However, I do not see such a worst-case scenario happening to Atlas Corp, as it is a profitable company with good future potential. But even if it does, preferred shares are given priority. The dividend yield here is 8.21%.



There&rsquo;s not much else to say about this stock except that I expect it to continue trading near $25. It should see a quick recovery if a recession were to strike.



<h2>Universal Corp (UVV)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/04/tobacco-stocks-300x169.jpg" alt="a pile of cigarettes"><div>Source: Shutterstock</div></div>Back to regular shares, Universal Corporation (NYSE:<a href="https://investorplace.com/stock-quotes/uvv-stock-quote/">UVV</a>) is one of the world&rsquo;s leading tobacco merchants. This company faces similar headwinds to Philips Morris, but remains quite stable and consistent, at least in the long run. <a href="https://www.google.com/finance/quote/UVV:NYSE">Revenue grew 3.3% in Q4 2023 to $821.5 million</a>, and I expect low single-digit growth to continue going forward.



A big plus about this stock is that it&nbsp;actually&nbsp;has sizable upside potential. <a href="https://www.gurufocus.com/stock/UVV/summary">Gurufocus believes the stock is modestly undervalued</a> and a fair price for the stock should be $66.3. Moreover, Universal Corporation recently announced a dividend of $0.80 per share, payable on May 6, 2024, though the ex-dividend date set for April 5, 2024. The current dividend yield is 6.26% and the average target price for the stock is $59.



<h2>Pangea Logistics (PANL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/shipping_containers_transportation_1600-300x169.png" alt="Plenty of shipping containers stacked at the Port of Hamburg and blue sky"><div>Source: Hieronymus Ukkel / Shutterstock.com</div></div>Pangea (NASDAQ:<a href="https://investorplace.com/stock-quotes/panl-stock-quote/">PANL</a>) is involved in maritime logistics and transportation solutions. As I have said in some of my previous articles, the shipping industry has tremendous potential in the years ahead due to the amount of geopolitical tension we are seeing. The stock is up 107% in the past five years and the stock&rsquo;s growth trend has been exponential. It has been continuously fueled by conflicts around the world that are causing shipping and cargo rates to rise.



It delivered mixed results but held up quite well. The stock certainly trades at a premium compared to other shipping companies, but that&rsquo;s partly because it has a good history of delivering profits. It is also attributable to the fact that 12 of its 18 ships are ice class. The dividend yield here is 5.6%.



Other shipping companies pay a lot more in dividends, but the payout ratio matters greatly. You can easily get double-digit dividends from companies that have a dividend payout ratio (the total amount of dividends that a company pays to shareholders relative to its net income) above 100%. These dividends are unlikely to last in the long run. On the other hand, <a href="https://www.tipranks.com/stocks/panl/dividends">PANL&rsquo;s payout ratio is 58%</a>.



<h2>Dominion Energy (D)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/d-stock-300x169.jpg" alt="a truck bearing the Dominion Energy logo"><div>Source: ying / Shutterstock.com</div></div>Dominion Energy (NYSE:<a href="https://investorplace.com/stock-quotes/d-stock-quote/">D</a>) supplies electricity in parts of Virginia, North Carolina, and South Carolina and supplies natural gas to parts of Utah, Idaho Wyoming, West Virginia, Ohio, Pennsylvania, North Carolina, South Carolina, and Georgia. This is quite the outlier in this list. Dominion Energy has declined considerably in the past few months. The stock has tumbled from $86 to $42 but has managed to recover to almost $51 as of writing.



This stock&nbsp;definitely&nbsp;does not have the &ldquo;ultra-safe&rdquo; history, but I believe it one of the ultra-safe dividend stocks right now, as there is little room for this utility company to decline from here and it has huge upside potential. This decline is mostly due to the company&rsquo;s shift from fossil fuels to renewable energy sources, such as its offshore wind projects. It has been costly and impacted earnings. Dominion&rsquo;s Commercial Virginia Offshore Wind Project (CVOW) has been particularly risky, with similar projects facing challenges and opposition in other states.



Plus, this company sits on a <a href="https://seekingalpha.com/symbol/D/balance-sheet">huge $45.1 billion debt load</a> that it has to pay very high interest on right now. However, once rates come down, I expect the stock to recover even more swiftly.



On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>
<div>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</div><h3>More From InvestorPlace</h3>
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