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Your Dividend

What is Share of the Profits?

When you spend with a Midcounties Co-operative business you earn Share of the Profits points. This time it's based on transactions between 26 January 2020 and 23 January 2021.  At the end of each financial year, we share some of our profits with our members by turning those points into your Share of the Profits dividend.  The actual amount shared was voted on by our members at our Half Yearly Meeting in October.

 

How did you calculate my Share of the Profits?

We have used the points earned on your transactions during our 2020/2021 financial year – 26 January 2020 to 23 January 2021.  At our Half Year Meetings, in October members approved a distribution value of half a penny per point, allowing us to calculate your Share of the Profits. If this is the first time you have earned a dividend then your initial £1 membership share has been deducted from that value.

If you’ve earned points through Central England Co-operative, Southern Co-operative and Chelmsford Star Co-operative during their 2020 financial year, you’ll see them in your statement in the ‘Additions and deductions’ section, recorded as ‘Amount earned with affinity partners.’ In 2020, The Co-operative Group did not make a Share of the Profits payment to any members, including any Midcounties members, who traded with its businesses for that year.

 

What about the points on my spend after 23 January 2021?

Points earned after 23 January 2021 will remain on your balance and will not be included in this payment. They will count towards future dividend payments. You can view your points balances at any time, split by financial year, by logging into your online member dashboard at mid.coop/account.

 

When will I receive my Share of the Profits dividend?

We will be communicating to all eligible members with their dividend prior to Christmas 2021. 

 

Can I change my payment option for this year? 

Unfortunately, you can no longer change your payment option for 2021. However, you can access your dashboard and change your payment option for future years. 

 

If we haven’t answered your question contact the Membership Team

Your enquiry is important to us. Please bear with us at this busy time and we will answer your query as soon as we can.

You can email us at: member.communications@midcounties.coop

Or telephone us on: 0800 435902

 

How are they calculated?

The points you earn per pound varies depending on where you’re spending your money. Take a look at the table below:

Business Points

Co-op Food

1 point for every £1

Petrol Stations - Fuel

1 point for every £10 spent

Co-op Funeralcare

1 point for every £1

*Awarded only to the "client" (funeral payer)

Co-op Travel

1 point for every £2

*Awarded only to the lead name on the booking

Co-op Childcare

1 point for every £1

Co-op Pharmacy

1 point for every £1

*spent on non-prescription goods *minimum spend £2

Co-op Energy

1 point for every £2

The Phone Co-op

1 point for every £1 Excluding VAT

To view your statement, click here. You’ll need your email address or membership number and password to sign in. You can find your membership number on your membership card.

Points can be earned with all Your Co-op shops and services (as well as all other affiliated co-operative societies). All you need to do is take your membership card with you when you shop, and present it when you pay. You can also earn points by getting more involved as a member – whether that’s attending events, voting or taking part in our surveys.