Attractive Shares
Become a member of The Phone Co-op and you'll receive a share of our profits. Tempting proposition?
Member dividendOne of the many things that make The Phone Co-op different is the fact that we return part of our profits each year to members in the form of a dividend payment. The dividend is split between the members in proportion to their spend with The Phone Co-op during the financial year in question, and is paid after the AGM, where members are asked to approve that year's dividend payment. |
For the financial year 2008-2009 the amount allocated to members' dividend was £48,882. This is equivalent to 1.5% of members' VAT-exclusive purchases from The Phone Co-op in the year ended 31 August 2009. Profits are also used to pay interest on members' share capital, to contribute to our Co-operative and Social Economy Development Fund (which provides finance to support the development of other co-operatives), and to fund the further growth of The Phone Co-op. |
