When requesting a dividend cash out by check, how long should it take to issue the check?
Hi @JeffW1 - Thanks for reaching out! Dividend checks are sent out on July 1st of each year. They are mailed directly to the billing address on your membership account and may take 2-3 weeks to arrive.
Let us know if you have any additional questions and we'll be happy to help. Thanks for being a Co-op member!
@JeffW1 one small clarification to the response above - dividend checks are not automatically issued. Instead, they can be requested at any time during a calendar year and our bylaws then allow them to be issued and mailed between July 1st and December 31st each year. If you request your check prior to July 1st, and don't spend your dividend beforehand, it will mail out in early July; if you request your check between July-Dec, anticipate it taking 2-3 weeks to arrive after your request is submitted. Hope this helps!
Thanks! Just what I needed...