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[2] A "patronage dividend" is money paid by a cooperative to its patrons on the basis of business done with these patrons, pursuant to a pre-existing obligation, and based on the net earnings of the cooperative from the business done. [3] In practice, cooperatives typically charge their members for services and refund the profits proportionately.
Co-operative customers, not just members, could sign up and receive a swipe card to record purchases with vouchers sent out twice a year which could be exchanged for cash or goods. In September 2006 the Co-operative Group relaunched "true" dividend whereby a proportion of the profits of the Co-operative Group is returned to members.
The Society is owned by over 295,000 members holding Lincolnshire Co-op dividend cards, [2] equal to approximately one quarter of the population of Greater Lincolnshire. [3] The society also owns Gadsby's bakery which is based in Southwell, Nottinghamshire. As a co-operative, it divides all its profits within its members. Ways of doing this ...
The East of England Co-operative Society is the fourth largest consumer co-operative in the United Kingdom after The Co-operative Group, The Midcounties Co-operative and Central England Co-operative. It is a registered society [ 1 ] with its headquarters in Wherstead , near Ipswich and trading in the eastern counties of Essex , Suffolk ...
The Channel Islands' Co-operative Society is a long-established consumer co-operative with stores in the Channel Islands. Its head office is located in Saint Helier in Jersey . In the year ending 13 January 2019, Channel Islands Co-op recorded sales of £183.6m (£174.5m 2017/18) and a profit after tax of £940k (£745k 2017/18).
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The Co-operative Group formed gradually over 140 years from the merger of many independent retail societies, and their wholesale societies and federations. In 1863, twenty years after the Rochdale Pioneers opened their co-operative, the North of England Co-operative Society was launched by 300 individual co-ops across Yorkshire and Lancashire ...
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