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Whats a patronage dividend?

dividend patronage
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Whats a patronage dividend?

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In years in which MEC earns a surplus, that surplus is returned to members who shopped at the Co-op, in proportion to the amount spent by the member in that year. This is called a patronage dividend. In accordance with MEC Rules, each member’s patronage dividend is applied to the purchase of additional shares in the Co-op.

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