At its 66th Annual Meeting on Sept. 17, Lubbock-based Plains Cotton Cooperative Association announced fiscal year-end further cash distribution to its grower-owners totaling $21.59 million.
The distribution, to be completed this month, consists of $9.16 million in cash dividends and $12.43 million in stock retirements and base capital plan retirements.
As of June 30, 2019, PCCA’s Warehouse Division had received 1,442,337 bales, one of the division’s top five largest crops in its history.
PCCA President and CEO Kevin Brinkley reported the co-op’s achievements were made despite difficult challenges during the fiscal year.
“This past season was full of challenges for our marketing team,” Brinkley ...