When is the REI dividend payout date?
Lily AldridgeWhen is the REI dividend payout date?
REI, or Recreational Equipment, is a specialty outdoor retailer that provides a wide range of outdoor gear, apparel, and accessories. The company is a consumer cooperative that is owned by its members, who receive a dividend annually. If you are an REI member, you may be wondering when the dividend payout date is. In this article, we will provide you with all the information you need to know about the REI dividend payout date.
Dividend calculation and payment
The REI dividend is calculated based on a member's eligible purchases for the previous year. The dividend amount is equal to 10% of the member's eligible purchases, with a minimum dividend of $0.10. The dividend is paid out in the form of a merchandise credit, which can be used to purchase items at REI stores, online, or through the company's catalog.
Dividend payout date
The REI dividend payout date is typically in mid-March. For the 2021 dividend, the payout date was March 19th. However, the exact date may vary from year to year, so it's important to check the company's website or contact customer service to confirm the payout date. REI members can also check their dividend balance online or in-store.
Using your dividend
Once you receive your REI dividend, you can use it to purchase items at any REI store, online, or through the catalog. The dividend can be applied to both full-price and sale items, and can be combined with other discounts and promotions. However, the dividend cannot be used to purchase gift cards or memberships.
Investing in REI
If you are interested in investing in REI, keep in mind that the company is a consumer cooperative and is not publicly traded. This means that you cannot buy shares of stock in REI. However, you can become a member and own a stake in the company, which entitles you to receive a dividend and vote on company issues at the annual meeting.
Conclusion
The REI dividend payout date is an important event for members of the company. The dividend is calculated based on a member's eligible purchases and is paid out in mid-March in the form of a merchandise credit. The dividend can be used to purchase items at REI stores, online, or through the catalog. If you are interested in investing in REI, becoming a member is the only way to own a stake in the company.
Article review