Share Dividends

Posted on Tuesday, April 12th, 2011 at 12:00 am

If you haven’t looked at your Vancity statement recently, you might have missed/forgotten that all Vancity members own shares in Vancity, under an account called “Membership Shares”.  Each year, depending on how well the credit union performed, a dividend may be issued to membership shares.  Based on a a quick look at Vancity’s Annual Report, I have created a quick summary of previous dividends issued:

  • 2005: 4.5%
  • 2006: 4.2%
  • 2007: 1.8%
  • 2008: 4.0%
  • 2009: 4.0%

Based on a recent announcement (link here), Vancity will be issuing a dividend of 6% this year.

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