Post by TrapperRon on Oct 13, 2011 17:21:17 GMT -6
www.nafa.ca/6349
NAFA Increases Profit Sharing Dividend for 2012
Guaranteed loyalty-based profit sharing dividend rises to a minimum of 3.5 percent
NAFA is increasing its guaranteed loyalty-based profit sharing dividend to a minimum of 3.5 percent for the 2012 auction season, up from the previously announced figure of 3 percent. This guaranteed dividend is in addition to NAFA’s normal volume rebates, making the cost of selling next year with NAFA at an all-time low.
“NAFA’s has just completed an extraordinary year and, in an effort to reward our loyal shippers for the exceptional auction and financial results achieved in 2011, NAFA is increasing its guaranteed profit sharing dividend for the 2012 auction season,” said Michael Mengar, President & CEO of NAFA. “This is NAFA’s way of putting more money back into the pockets of our consignors to signal our appreciation for their loyalty and hard work.”
This announcement comes on heels of a record 3% profit sharing dividend for the 2011 auction season, which will total nearly $7 million in rebates directly back to NAFA consignors.
“Our achievements this year couldn’t have been accomplished without our North American producers and we are pleased to extend the rewards to them,” said Mengar.
NAFA Increases Profit Sharing Dividend for 2012
Guaranteed loyalty-based profit sharing dividend rises to a minimum of 3.5 percent
NAFA is increasing its guaranteed loyalty-based profit sharing dividend to a minimum of 3.5 percent for the 2012 auction season, up from the previously announced figure of 3 percent. This guaranteed dividend is in addition to NAFA’s normal volume rebates, making the cost of selling next year with NAFA at an all-time low.
“NAFA’s has just completed an extraordinary year and, in an effort to reward our loyal shippers for the exceptional auction and financial results achieved in 2011, NAFA is increasing its guaranteed profit sharing dividend for the 2012 auction season,” said Michael Mengar, President & CEO of NAFA. “This is NAFA’s way of putting more money back into the pockets of our consignors to signal our appreciation for their loyalty and hard work.”
This announcement comes on heels of a record 3% profit sharing dividend for the 2011 auction season, which will total nearly $7 million in rebates directly back to NAFA consignors.
“Our achievements this year couldn’t have been accomplished without our North American producers and we are pleased to extend the rewards to them,” said Mengar.
