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Grange Co-op To Pay Out Dividend
A total of over 172-thousand dollars in dividends will be issued to members of the Grange Co-op and non-members who spent more than 500-dollars in the last year. The retail dividend rate for 2011 was 2-point-35 percent. Over 9-thousand checks will be mailed. Typically, 20 percent of the dividend will be paid in cash, 80 percent in equity credits.
Founded in 1934, Grange Co-op started with 99 farmers contributing $10 each to buy land, a truck and gasoline, it has been returning profits to its membership ever since.