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  • FIRST POST
    • Margot123
    • By Margot123 10th Feb 18, 12:02 PM
    • 662Posts
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    Margot123
    0 WOW
    Co-op Dividend - what is it?
    • #1
    • 10th Feb 18, 12:02 PM
    0 WOW
    Co-op Dividend - what is it? 10th Feb 18 at 12:02 PM
    Sorry if I appear a bit thick.
    I've searched the forums, trawled Google, and asked disinterested staff in The Co-op but can't find the answer.

    I have a Co-op card which gives me 5% back on purchases, which I have used and totally understand BUT what the biily-o is the dividend?
    How is it paid? When will it arrive?

    TIA.
Page 1
    • PasturesNew
    • By PasturesNew 10th Feb 18, 12:09 PM
    • 61,563 Posts
    • 360,560 Thanks
    PasturesNew
    • #2
    • 10th Feb 18, 12:09 PM
    • #2
    • 10th Feb 18, 12:09 PM
    You're right, it's confusing. Years ago my mum had a card and talked endlessly of her dividend, which was added to some CoOp "account" she had.

    These days it's not so simple to understand - indeed, for starters the CoOp card is specific to areas/regions. Try to use your card away from home and you might find it doesn't exist, or it's a different system there. Your card is only good in the area that your local CoOp is associated with, their particular "regional group".

    The Dividend was because you paid a small sum and "joined" the CoOp and got this "account" thing, your dividend (as a shareholder) was paid into that account. You were a shareholder, who benefitted from the profits of the CoOp, this was the dividend and paid into your member/shareholder account.

    Not all Coops work like this now - so, you need to start by being specific about which particular Coop you belong to.

    But there's usually a Member Account involved to receive payment - IF your particular Group pays a dividend.

    Some might/have in the past added points to the card.

    It is confusing because there is no single system. There might, or might not, be a dividend for your group.
    • antrobus
    • By antrobus 10th Feb 18, 2:07 PM
    • 15,469 Posts
    • 22,069 Thanks
    antrobus
    • #3
    • 10th Feb 18, 2:07 PM
    • #3
    • 10th Feb 18, 2:07 PM
    Sorry if I appear a bit thick.
    I've searched the forums, trawled Google, and asked disinterested staff in The Co-op but can't find the answer.

    I have a Co-op card which gives me 5% back on purchases, which I have used and totally understand BUT what the biily-o is the dividend?
    How is it paid? When will it arrive?

    TIA.
    Originally posted by Margot123
    The Co-operative has unveiled plans to bring back an annual payout for its millions of members.

    The group suspended the dividend in 2014 when it posted huge losses.

    As part of a major refresh, which also involves reviving its 1960s blue clover logo, the Co-op now plans to reintroduce the members' dividend by 2018.


    See here;
    http://www.bbc.co.uk/news/business-36353094
    • MysteryMe
    • By MysteryMe 10th Feb 18, 3:05 PM
    • 1,755 Posts
    • 2,129 Thanks
    MysteryMe
    • #4
    • 10th Feb 18, 3:05 PM
    • #4
    • 10th Feb 18, 3:05 PM
    I'm in the East of England Co op (green membership card) and get an annual dividend sent annually. It is based on the profits of the group. Throughout the year I get sent money off vouchers as well.
    • badmemory
    • By badmemory 10th Feb 18, 4:26 PM
    • 1,347 Posts
    • 1,601 Thanks
    badmemory
    • #5
    • 10th Feb 18, 4:26 PM
    • #5
    • 10th Feb 18, 4:26 PM
    My co-op is different. I have a light blue card & it includes the local co-op funeral. For every £1 I spend on co-op products I get 5p put on my card & 1p to charity. I also got a significant bonus when I bought my co-op funeral. It can be spent whenever you use your card. I think mine may be the original co-op as I believe it was founded in Rochdale which is not that far away. What I earn on each shop shows on my receipt, although my balance does not.
    • MysteryMe
    • By MysteryMe 10th Feb 18, 5:01 PM
    • 1,755 Posts
    • 2,129 Thanks
    MysteryMe
    • #6
    • 10th Feb 18, 5:01 PM
    • #6
    • 10th Feb 18, 5:01 PM
    I've got a blue card co op membership as well. I think that is the main co op and covers most of the country. I've used it in Chelmsford and Torquay.
    • maman
    • By maman 10th Feb 18, 5:55 PM
    • 17,546 Posts
    • 105,125 Thanks
    maman
    • #7
    • 10th Feb 18, 5:55 PM
    • #7
    • 10th Feb 18, 5:55 PM
    I don't think it's so much regional as that the Co-op have franchises. That may explain why the card's not acceptable everywhere.


    There are two near me, one at each end of my road.


    One has a green livery, one has blue. One sells the milk I like, the other doesn't. I asked the staff why and they said it's a different company, giving the example that they couldn't transfer from one store to the other they'd have to apply as if it was a completely different company.
    • antrobus
    • By antrobus 10th Feb 18, 7:53 PM
    • 15,469 Posts
    • 22,069 Thanks
    antrobus
    • #8
    • 10th Feb 18, 7:53 PM
    • #8
    • 10th Feb 18, 7:53 PM
    I don't think it's so much regional as that the Co-op have franchises. That may explain why the card's not acceptable everywhere.
    Originally posted by maman
    I believe that there are a few Co-op franchises, but there are more regional co-op stores.

    The Co-operative Group, which once owned the bank, is the product of a long and complicated series of mergers of a multitude of regional co-ops. Some regional co-ops, about a couple of dozen or so, remain 'independent'. They may well have a trading relationship with Big Co-op, but they do their own thing. One of them runs Co-op Energy.
    • maman
    • By maman 10th Feb 18, 9:14 PM
    • 17,546 Posts
    • 105,125 Thanks
    maman
    • #9
    • 10th Feb 18, 9:14 PM
    • #9
    • 10th Feb 18, 9:14 PM
    I believe that there are a few Co-op franchises, but there are more regional co-op stores.

    The Co-operative Group, which once owned the bank, is the product of a long and complicated series of mergers of a multitude of regional co-ops. Some regional co-ops, about a couple of dozen or so, remain 'independent'. They may well have a trading relationship with Big Co-op, but they do their own thing. One of them runs Co-op Energy.
    Originally posted by antrobus
    That would make sense. Both the stores close to me sell Co-op branded goods so there obviously is a trading relationship but there are differences in what they stock.
    I originally thought it was because one has a (wealthy Chinese) student customer base and the other is more a lower income housing development and passing trade.
    Now I'm not so sure!
    • antrobus
    • By antrobus 10th Feb 18, 10:47 PM
    • 15,469 Posts
    • 22,069 Thanks
    antrobus
    That would make sense. Both the stores close to me sell Co-op branded goods so there obviously is a trading relationship but there are differences in what they stock.
    I originally thought it was because one has a (wealthy Chinese) student customer base and the other is more a lower income housing development and passing trade.
    Now I'm not so sure!
    Originally posted by maman
    The wiki entry on the British co-operative movement, (scroll down) allegedly has a list of retail societies.
    https://en.wikipedia.org/wiki/British_co-operative_movement

    Depending on where you live, it might give you a clue.

    Midcounties is the biggest regional. I think they are the one that do energy.
    • Margot123
    • By Margot123 11th Feb 18, 1:56 PM
    • 662 Posts
    • 676 Thanks
    Margot123
    Thanks everyone.

    I've taken a look at my Co-op account page and all it says is the dividend is paid annually. The information is very scant as it doesn't say when or how.

    I'll just look on it as a little bonus if some vouchers or whatever turn up in the post.
    • jon81uk
    • By jon81uk 12th Feb 18, 10:04 AM
    • 801 Posts
    • 522 Thanks
    jon81uk
    Thanks everyone.

    I've taken a look at my Co-op account page and all it says is the dividend is paid annually. The information is very scant as it doesn't say when or how.

    I'll just look on it as a little bonus if some vouchers or whatever turn up in the post.
    Originally posted by Margot123
    I wouldn't expect much dividend, as it has been largely replaced with the 5% cashback.

    But basically every member is a shareholder, if the company makes a profit, it is shared between members, based on how much you spent with them.
    So if Co-Op Group returns a profit, expect a few pennies dividend. In the meantime, enjoy the 5% cashback.
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