Publix Investor Relations | Shareholder and Stock Information (2024)

FAQs

What is the dividend payout for Publix in 2024? ›

LAKELAND, Fla., April 1, 2024 — The Publix board of directors declared a quarterly dividend of 10.75 cents per share on its common stock.

SHARES ISSUED: If you choose an in-kind distribution, a Publix stock certificate will be issued for the shares held in the Publix Stock Fund of your 401(k) SMART Plan account. The stock certificate will be mailed to your address on file with Publix the first week of the month following the distribution request.

Effective Aug. 1, 2024, Publix's stock price increased from $16.25 per share to $16.46 per share. Publix stock is not publicly traded and is made available for sale only to current Publix associates and members of its board of directors.

Publix stock is valued quarterly based on, among other things, an independent analysis of the Company's financial results and comparison to the financial results of comparable companies that are publicly traded.

When are dividends paid? The Publix Board of Directors approves dividends on Publix stock. Dividends are typically paid quarterly during the following months: February.

Any additional appreciation from the date of distribution from the ESOP to the date your Publix stock is sold to Publix is taxed as either Short- or Long-Term Capital Gain depending on how long you hold your shares and must be reported on your individual income tax return for the year you sell your Publix stock.

Employee Stock Purchase Plan

Associates become eligible to purchase Publix stock after one full year of continuous employment. With these three plans, it's not uncommon to hear about people who've retired from Publix as millionaires.

Transfer on Death (TOD) Beneficiary Designation

If you are adding, changing or removing the TOD beneficiary for a stock account, complete the information below. If you're gifting stock, only the person receiving the gift can designate the TOD beneficiary. The TOD beneficiary must be a member of your immediate family.

The Jenkins family built and own part of Florida-based Publix Super Markets, which operates 1,360 grocery stores in eight southeastern states. Publix is the largest employee-owned company in the U.S.; employees and former employees own an estimated 80% and Jenkins family members own the rest.

Is Publix stock going to split? ›

The stock split and authorized shares increase will be effective as of the close of business April 14, 2022. For each share of stock you own, you will receive 4 additional shares issued from the stock split in book entry form as an electronic certificate(s).

Once you reach age 59½ and prior to retirement, you may make a withdrawal of all or a portion of your vested SMART plan account balance.

Publix's sales for the fiscal year ended Dec. 30, 2023, a 52-week year, were $57.1 billion, a 4.7% increase from $54.5 billion in 2022, a 53-week year. Excluding the additional week in 2022, sales for 2023 would have increased 6.7%.

Only eligible active associates and members of our board of directors can purchase Publix stock during designated offering periods. The opportunity to own Publix stock is a unique benefit for our associates, and it perpetuates the Publix culture.

It's not surprising that Publix's annual employee turnover rate averages 5% when the industry standard can be as high as 65%. Among industry peers, Publix is notable for its high operating margins.

Net earnings for the three months ended March 30, 2024 were $1.4 billion, compared to $1.2 billion in 2023, an increase of 10.1%. Earnings per share for the three months ended March 30, 2024 increased to $0.41 per share, up from $0.37 per share in 2023.

Publix's contribution to the PROFIT Plan is made in Publix stock at no cost to associates. Your share of the contribution for 2023 is valued at 8% of your eligible wages. Your eligible wages are generally the pay you received from the date you became a PROFIT Plan participant in 2023 through Dec. 31, 2023.

Calculating the annualized payout for a stock is quite easy. All investors need to do is take the amount of the dividend and times it by the period/frequency of the payout. So if a stock pays out $1 per share every quarter, its annualized payout would be $4. ($1 per quarter * 4 quarters per year).

In finance, a dividend future is an exchange-traded derivative contract that allows investors to take positions on future dividend payments. Dividend futures can be on a single company, a basket of companies, or on an Equity index.