21-05-2025
Jersey members back 2% Coop dividend
Members of the Channel Islands Co-operative in Jersey voted to maintain the 2% rate for member shares, at their annual meeting, last Coop reported a net surplus of £800,000 last year, a significant recovery from the previous year's £1.8m dividend was reduced from 4% to 2% after the almost £2m of losses in 2023 and on Tuesday evening members backed the decision to maintain it at 2% for another 12 plan will now be voted on by members in Guernsey on Wednesday evening.
Ahead of the annual meeting, CEO Mark Cox said 2024 had been a year of "real progress"."We've returned to surplus, welcomed new members, and made impactful investments," he said."Our investment in engaging with members has shaped a more positive comes as the Coop continues to experience supply chain issues, following a cyber-attack which has led to empty shelves across the island.
