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Coop Norway Pays Record Dividend To Members

Published on Feb 5 2021 9:58 AM in Retail tagged: Featured Post / Norway / Coop Norway / Coop Norge / Paywall / World News

Coop Norway Pays Record Dividend To Members

Coop Norway has paid a record dividend to its members, of NOK 2.4 billion (€230 million), of which NOK 1.3 billion has been paid as purchase dividends.

The retailer's membership numbers swelled by 120,000 last year, to close to 1.9 million, with increasing numbers of younger consumers joining the group – some 38% of new owners are under 30 years old, and 60% are under 40 years old, it said.

Last year's dividend is approximately NOK 300 million higher than the previous year.

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