The Co-operative Group is set to pay out a £38.1 million dividend to members this year.
The group – which covers the co-operative bank as well as supermarkets, pharmacies and funeral services – will divide the dividend among its 2.5 million members.
The dividend pay-out is up 94 per cent from last year as profits rose 35 per cent to £322.7 million for the year to January 12.
The payout will be the equivalent of 2.63p for each point earned by Co-op customer members, which are earned for each pound spent in the group.
Some £550 million of the dividends will go to charity, as members choose to give up their payout.
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