Patronage Dividend System
What is the Patronage Dividend system?
The Patronage Dividend System is based on individual Member-Owner patronage (in other words, how much a Member-Owner spends) & the net profit of the co-op as a whole.
HOW IT WORKS
The amount of the dividend is based on what People's Board of Directors believes will provide the greatest long-term value for our Member-Owners.
It is possible that the Board of Directors may choose not to issue a patronage dividend in some years, though this is very, very rare. To date, patronage dividends have been distributed every year.
When will I receive my Patronage Dividend?
You should receive your Patronage Dividend in the mail in June or July of each year. It will be based on your purchases from the prior year. For example: you will receive the 2012 dividend voucher in the summer of 2013. Patronage dividends are distributed with People’s Annual Report and Annual Meeting materials. Vouchers will be sent to the primary shareholder.
What do I do if I didn’t receive my Patronage Dividend?
How do I use it?
PURCHASES: use your voucher at the register towards your purchases.
CHECK: send your voucher to the store and we will send you a check by mail within 6 weeks.
DONATE: donate your patronage to the People's Cooperative Community Fund.
INVEST: invest your voucher towards your PeopleShare to reach the full share cost of $180, or to invest up the maximum amount of $300.