DALLAS — The Army & Air Force Exchange Service board of directors on Thursday announced that the Exchange paid a dividend of $224 million in 2012.
“Historically, roughly two-thirds of Exchange earnings are paid to the services’ morale, welfare and recreation programs with the other third used to build new stores or renovate existing facilities,” stated the Exchange’s senior enlisted advisor Chief Master Sgt. Tony Pearson. “This structure means that authorized customers are, essentially, ‘investors.’”
With a mission to provide quality goods and services at competitively low prices and generate earnings to support quality of life efforts, the dual benefit the Exchange provides military families goes beyond the clothes, electronics and snacks on shelves.
Customers who shop the Exchange’s brick and mortar stores or online at www.shopmyexchange.com help make the military community a better place to live and work. In fact, purchases made in the past 10 years have provided more than $2.4 billion to such military programs as Youth Services, post functions, gyms and aquatic centers.