Because at High Plains we understand that our success is dependent on your success, we are proud to announce that our Board of Directors approved a $4,400,000 cash patronage payout to be returned to stockholders in April. The payout will be based on business conducted with High Plains during 2017 and is a reflection of strong earnings and another successful year. Thank you for allowing us to serve you and help grow future generations of agriculture.
Our financial strength is also reflected in our Preferred Stock program. In December, the Board of Directors declared another Preferred Stock dividend. The cash dividend was paid to preferred stockholders in January. The dividend rate increased again in January to 3.25%, to reflect the most recent rate increase by the Fed. The Preferred Investment Account is available to all HPFC stockholders. Find more information about the Preferred Stock program.