The Door County Cooperative (DCC) is mailing more than $160,000 to local residents as part of its stock retirement program. Qualifying members will receive a check for 5% of the total stock they’ve earned in the company.
“This stock retirement demonstrates our commitment to providing a meaningful cash return to our members who support the Door County Cooperative,” said Brian Duquaine, DCC president. “There are real benefits to doing business with the company you own.”
DCC distributes annual profits to members, a portion of which is paid out as cash the following year, and the remaining amount becomes DCC stock before it’s redeemed through the stock retirement program.
Since its formation in 1939, the Door County Cooperative has distributed millions of dollars in cash back into the community through patronage dividends and stock retirements. Today, DCC members own more than $12 million of equity in their company.Customers do not have to be members of the co-op to shop there, but membership provides direct benefits that are free and available to everyone. To become a member, stop by any of the locations or visit doorcountycoop.com.