The board of directors for the Florida-based Publix Super Markets Inc. declared the third-quarter dividend on July 1 at 11.05 cents per share on its common stock, a company news release said.
The dividend, the same as the second-quarter dividend paid on May 1, will be paid on Aug. 1 to stockholders of record as of the close of business on July 15. Stockholders receive the dividend either through direct deposit or by mail as a check.
Who can buy Publix stock?
Publix is a privately owned company, and its common stock is not publicly traded on a stock exchange. Only current workers and members of the Publix board can purchase Publix stock.
The current stock price was set on May 1 at $20.20 per share.
Who sets the Publix stock price?
The board sets the company’s stock price by comparing Publix’s financial results and stock price to comparable peers that are publicly traded.
In April 2022, the company enacted a 5-for-1 stock split, meaning for each share a stockholder had, they received four more. The price was adjusted from $68.80 to $13.76 per share.
As of Feb. 4, about 247,000 Publix employees were common stockholders of record, according to Publix’s annual 2024 Form 10-K report.
A philosophy of employee ownership
Publix was founded in 1930 in Winter Haven, Florida by George W. Jenkins, an innovator who believed in profit sharing and employee ownership with cashiers, baggers, butchers, deli clerks and bakers.
Jenkins believed the issuance of stock was a means to motivate and empower his employees, who would then “treat customers like royalty,” the Publix website said.
Publix is one of the 10 largest-volume supermarket chains in the United States. Its retail sales in 2024 reached $59.7 billion. The grocer employs more than 260,000 people.
Publix operates 1,411 store locations, 10 distribution centers and 10 manufacturing facilities across eight states in the Southeast.
This article originally appeared on The Ledger: Publix’s 3rd-quarter stock dividend will be 11.05 cents per share
