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The Northern Star Cooperative is a very successful Co-op. The past
21 years has seen sales grow from 5.5 million dollars in 1985 to over 39
million dollars in 2007. Due to this increase in sales, the Northern Star
Cooperative has been able to reward its patrons with the retiring of all
stock up to 1985 and the paying of an average dividend of 7% over the past
five years. In the past 8 years the coop has paid back a second check each
year in patronage retirement. In 1998, 2000, & every year thereafter,
the Board of Directors voted to pay back 3-5% of all patrons stock each
summer. They also voted to pay back all stock to patrons who have reached
their 65th birthday and to give them 100% of their dividend in cash there
after. What does this mean to you?
Example 1: If you purchase $1000.00 of product from the Northern
Star Cooperative in a year, and have reached the age of 65, you would receive
a cash dividend of $70.00 at the end of the year. This is based on a 7% dividend
pay out.
Example 2: If you purchase $1000.00 of product from the Northern
Star Cooperative in a year, and have not reached your 65th birthday, you
would receive a cash dividend of $14.00 and Capital Credits (stock) in your
name of $56.00. This is based on a 7% dividend pay out. The Capital Credits
would accumulate each year until you reach 65 or until the Board of Directors
decide to pay a portion of it back.
Cash Dividends Returned
| 1988 |
$32,193.00 |
| 1989 |
$48,625.00 |
| 1990 |
$59,953.00 |
| 1991 |
$107,370.25 |
| 1992 |
$104,785.95 |
| 1993 |
$103,893.29 |
| 1994 |
$107,404.34 |
| 1995 |
$133,643.28 |
| 1996 |
$141,378.08 |
| 1997 |
$160,777.14 |
| 1998 |
$267,227.90 |
| 1999 |
$192,777.90 |
| 2000 |
$207,829.32 |
| 2001 |
$197,179.03 |
| 2002 |
$361,958.14 |
| 2003 |
$336,869.01 |
| 2004 |
$334,919.48 |
| 2005 |
$360,847.55 |
| 2006 |
$381,400.21 |
| 2007 |
$488,559.39 |
| 2008 |
$488,804.87 |
| 2009 |
$614,799.15 |
2010
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Cash Stock Revolved
| 1988 |
$16,642.00 |
| 1989 |
$16,981.00 |
| 1990 |
$236,637.00 |
| 1991 |
$72,416.00 |
| 1992 |
$30,441.00 |
| 1993 |
$31,367.00 |
| 1994 |
$45,979.00 |
| 1995 |
$175,494.00 |
| 1996 |
$81,593.00 |
| 1997 |
$90,279.00 |
| 1998 |
$264,034.00 |
| 1999 |
$98,824.00 |
| 2000 |
$313,285.00 |
| 2001 |
$340,469.00 |
| 2002 |
$295,280.00 |
| 2003 |
$350,658.00 |
| 2004 |
$421,239.00 |
| 2005 |
$315,699.00 |
| 2006 |
$376,785.00 |
| 2007 |
$319,952.00 |
| 2008 |
$358,178.00 |
2009
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$511,066.00
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