If you’re a Central Co-op Member, you’ll already have a £1 share in the business or you may be earning points which will be converted into your £1 share. Once you own the £1 share, you are a full Member and this means you can have a say in how we’re run and you are eligible to earn a Share of our Profits. A Share of the Profits is paid out twice a year to Members, usually in June and November, where points earned in that distribution period are converted into dividend.
Any points earned after the first 100 will be converted into pounds when we announce our Share of the Profits.
You’ll receive a Share of the Profits statement twice a year, where you’ll see a summary of what you’ve spent, over a period of time, converted into a balance onto your card. This is sometimes called an e-dividend.
You can spend your e-dividend in any of our family of businesses.
Click to see more information on share of the profits.