The dividend distribution for share capital contributions (SCC) for the
1st Semester of CY 2015 started last July 21. Total dividends declared for the semester amount to P 164,193,440.00 for 98,257 members. The Board of Directors approved the following rates: SCC-Common premium rate is at 14% while the regular rate (i.e. for the amount beyond the prescribed SCC-Common of P 5,000.00) is at 8%; and, SCC-Preferred rate is at 5.5%.
According to the Philippine Cooperative Code of 2008 (Republic Act 9520) and ACDI MPC By-Laws, members are entitled to receive interest payments for their respective paid-up Share Capital Contributions (SCC).
NGCP.# Fredel L. Salvador