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Coop Begins Paying Dividends today on 1939-40 Purchases
Stockholders Vote 2% Raise for Both Cash and Checking Accounts
Upon presentation of their last year's membership cards, the 9,500 members of the Coop will begin today to reap the dividends on their 1939-40 expenditures.
An increase in dividend was voted at a recent meting of the stockholders, in accordance with which members who paid cash on purchases last year will receive a 12% return instead of the usual 10% while those who had checking accounts will get 10% instead of 8%. The largest 100 dividends will be mailed out.
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