Many dividends have been calculated and are showing up in personal accounts. I was told by REI that not all are calculated and posted but most are. Just for clarification, the 1 time 20% coupon for members is not valid until March 23rd so hold off on your purchases until then. Most member dividends, sale brochures and the all important 20% coupon are being mailed out on March 21st. Normally the REI website gives info & the code# for the 20% coupon so many could order on March 23rd prior to receiving the dividend and sale mailing. Just either phone, go on line, or mail the order in using the code for the 1 time discount. I note this year that a person can get 20% off 1 item from REI regular store and also an additional 20% off 1 item at the REI outlet store, both available on line. I had not seen this before but could have missed it if it was the policy in the past.