Que. pork chain members get dividend

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Members of a new producers’ network in Quebec will get La Coop Federée’s first-ever patronage dividend to be paid directly to hog farmers.

Coop Federée, the province’s largest agrifood company and the owner of meat packer Olymel, on Mar. 5 announced it would pay out special dividends directly to members of the Filiere porcine cooperative, which was set up last April with 141 hog farmer members.

Coop Federée didn’t say how much of a dividend a member of the Filiere could expect, but noted its overall dividends to members and affiliates for the year ending Oct. 29, 2011 will total $36.5 million, triple the $11.5 million paid out the previous year.

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