AgStar distributes more than $22.8 million in earningsThe AgStar Financial Services Board hashas approved the retirement of its 2003 patronage allocations.
The AgStar Financial Services Board hashas approved the retirement of its 2003 patronage allocations. With this retirement, AgStar distributed $22.8 million in earnings to more than 11,400 eligible stockholders.
AgStar's patronage program was implemented in 1998 and targets a seven- to 10-year retirement timeframe of non-qualified dividends. Yearly allocations are based on company earnings and the amount of products or services a stockholder purchases from AgStar during the year. AgStar has allocated $336 million in patronage dividends and retired more than $80 million to qualified stockholders.
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