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A patronage dividend is a refund that a co-operative distributes to its members as a share of the co-op's profits. Unlike a regular stock dividend, a patronage dividend is not a return on investment.
This type of dividend is sometimes known as a patronage dividend or patronage refund, as well as being informally named divi or divvy. [ 38 ] [ 39 ] [ 40 ] Producer cooperatives, such as worker cooperatives , allocate dividends according to their members' contribution, such as the hours they worked or their salary.
Cooperative corporations are formed to provide some mutual benefit for their members, and because of this, the Congress of the United States beginning in 1951 has allowed them a deduction from their income for "patronage dividends." [2] A "patronage dividend" is money paid by a cooperative to its patrons on the basis of business done with these ...
Retailer-Owned Cooperative, where store-owners are shareholders of the larger company and therefore receive patronage dividends. (“Retail cooperative,” confusingly, also can refer to consumer cooperatives that have a retail storefront.) (Example: Ace Hardware, True Value, NAPA Autoparts).
Dividends are distributed based on the amount of interest accrued on your loan with a patronage return of 20.46% for 2023. This article originally appeared on Marion Star: AgCredit distributes $22 ...
A utility cooperative is a type of cooperative that is tasked with the delivery of a public utility such as electricity, water or telecommunications to its members. Profits are either reinvested for infrastructure or distributed to members in the form of "patronage" or "capital credits", which are dividends paid on a member's investment in the cooperative.
When people think of dividends, they think of retirees looking for safety, security and predictable cash payments. Most of the big, exciting tech stocks that snatch all the headlines don't pay...
The Rochdale Society of Equitable Pioneers, founded in 1844, was an early consumers' co-operative, and one of the first to pay a patronage dividend, forming the basis for the modern co-operative movement. [1] Although other co-operatives preceded it, [2] the Rochdale Pioneers co-operative became the prototype for societies in Great Britain.