Dividends on shares are recognized in equity in the period in which they are declared.

Section 5 of the Regulations of the Co-operative Societies Act authorizes the Society to pay a dividend on its shares at a rate which is not greater than three percent above the savings rate set by the Easter Caribbean Central Bank (ECCB). As of December 31, 2020 the ECCB savings rate was two percent. Fair value gains on the investment securities available-for-sale are not considered in determining income for the distribution of dividends.