Publix stock dividend unchanged at 10.75 cents with payout set for Aug. 1

Lakeland-based Publix Super Markets, Inc. said on Wednesday its third-quarter dividend will stay the same compared to last quarter at 10.75 cents per share on its common stock, a Publix news release said.  

The dividend will be paid on Aug. 1 to stockholders of record as of the close of business on July 15. Publix stock is not publicly traded and can only be purchased by current Publix associates and its board of directors.  

The same dividend amount was paid on May 1. Also effective May 1, Publix’s stock price increased from $15.20 to $16.25 per share. Next month, the company will announce any potential change in its stock price or leave it as is.   

In March, Publix reported net earnings of $4.3 billion in 2023, which was up nearly 50% from the $2.9 billion reported in 2022. But the employee-owned supermarket did see net earnings drop 7.8% in the fourth quarter of the year to $1.2 billion.

Publix is the largest employee-owned company in the United States with more than 250,000 employees. The retail grocer operates 1,371 stores in Florida, Georgia, Alabama, Tennessee, South Carolina, North Carolina, Virginia and Kentucky.