Consumer Patronage Dividend Distributed. WSM distributes a percentage of profits based on how much a consumer owner spends in a year.
Worker Patronage Dividend Distributed. WSM distributes a percentage of profits based on how many hours a worker owner works in a year.
Retained Dividends help WSM save for the future and build equity. The Board decided to retain 80% of both the consumer and worker dividend in 2016 to save for future needs and to build co-op equity.
Retained Earnings is the profit generated from non-owner business. It is not eligible for the patronage dividend.
Income Tax. WSM pays Income Tax on Retained Earnings but not on Patronage Dividends. Increasing sales to owners reduces taxes and helps keep more money in the local economy.
Learn more about this year’s dividend here.