The Channel Islands Co-op is proposing members are paid a 2% dividend for a second year running, despite reporting a 'stronger year'.
The retailer is aiming to keep its payout to shoppers at 2%, saying that its with Member Pricing discounts are giving additional returns to customers.
The CI Coop's annual report shows a return to profitability in 2024 and an increase in members.
The Society has reported a net profit of £0.8 million, a turnaround from the previous year’s £1.8 million loss.
It also increased turnover by 2.1%, delivering £212.8 million.
Last year, the CI Co-op halved its dividend to 2% after the retailer warned that it may not have been able to make any annual payout because of tough trading conditions
CEO Mark Cox says it's proposing a 2% return again because it has responded to what shoppers asked for:
"Members have been telling us that they wanted to see more immediate benefits as well as the dividend.
"We made a small profit, and it's important that the actions we take are sustainable for the long-term future of the group.
"What we have been able to do is put money back into people's pockets immediately as a result of being a member, and that's what Member Pricing is doing.
"This has landed very well with members who can save at the point of purchase."
Mr Cox is attributing the Society's positive year to the introduction of Member Pricing, which he says has increased membership by 2,400.
"We're delighted with the progress we've made.
"We spelt out at our annual meeting last year that there were several steps we were taking to improve our overall member offer.
"We introduced Member Pricing in October. It has been an incredible success for us and has helped members dealing with the cost-of-living crisis.
"It's pleasing that we can deliver a dividend, but it's also a million pounds back to members through Member Pricing.
"This has seen us increase in people who now shop with us and the frequency."
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