Publix Super Markets declares Q3 dividend of 11.05 cents per share, payable August 1
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.
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CNBC
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- CNBC
With an exodus of millionaires, businesses and workers, has London lost its spark?
London, the jewel in the crown of the U.K.'s economy and national culture, has taken a bit of a battering lately, with big business looking to expand elsewhere, workers looking for more affordable places to live and a flock of millionaires fleeing the city. A new tax regime targeting the "non-dom" status of the London-based super rich prompted an estimated 10,000 millionaires to flee the city in 2024 in search of safer havens for their cash. For the have-nots, high living costs — and a post-pandemic reevaluation of what makes for quality of life — have prompted many people of working age to leave the city, data shows, as it becomes prohibitively expensive to stay. London's pride as a business hub has also been dented in recent years as homegrown firms have looked elsewhere to base themselves or expand, increasingly looking to IPO abroad or moving their primary listing away from the U.K. So, is it all doom and gloom for the Big Smoke? Not necessarily. While the streets might not be paved with gold, London still has an irresistible pull for millions of people looking for work, study and play, with an estimated 20 million tourists visiting the city in 2023. CNBC asked several U.K.-based analysts for their thoughts on whether the city is on downward trajectory, or just experiencing some bumps in the road. Here's what they had to say. London's crown has been slipping "for years" when it comes to its business appeal and affordability for ordinary folk, Bill Blain, market strategist, former investment banker and author of the "Blain's Morning porridge" newsletter, told CNBC. He said doing business in the capital is "just not nice anymore," and the atmosphere in the affluent City of London and Canary Wharf, the capital's financial districts, is even worse. "There is not the buzz that we used to have in the City, in Canary Wharf," Blain said, lamenting "how quickly London is becoming relevant." "You name me a single significant U.K. investment bank? You name me a single significant U.K. private capital market firm? They're all big American firms," Blain said. "When it comes to the banks, you've got the Europeans, the French and the Germans, who are there just by the skin of their teeth. But there's nothing left for the U.K. You go into the City today and take a look around, and it's dire. There's lots of people there, but they're all insurance clerks, or whatever. They're not the investment bankers of a previous generation. My generation were the last who got it good," he said. Blain blamed over-regulation for the City's demise, believing that "the number of people who are involved in compliance and regulation and form filling vastly outnumbers the number who are on the front line of finance." Blain said he believes it lost its global reputation for having a relatively stable political establishment, with six prime ministers in the last 10 years, and that it was also tarnished in the wake of the tumultuous departure from the European Union five years ago. After a landslide election win last year, the current Labour government, and Finance Minister Rachel Reeves, find themselves under heightened pressure to stick to self-imposed rules on debt and borrowing, while trying to increase public spending and to promote much-needed growth. "In the past, you could look at the U.K. and say, yes, it's no longer the biggest economy in the world, but it's generally stable in [terms of] competence, so you invest in it. But these things are now beginning to be questioned, and that's the big risk for the U.K.," Blain said. Barret Kupelian, chief U.K. economist at PwC was keen to point out it's not all gloom and doom for the capital in the long term. 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Kupelian remarked, noting that "there's always been intense competition between the large metropolises of the world," such as New York, Paris, Singapore, Beijing and Tokyo. "I think London is feeling that competition on a much more intense level now," Kupelian said, with the city needing to look at its counterparts, and itself, with a more critical eye to see what it could do better. Prescribing "targeted interventions" rather than a "complete reinvention," he said London is well placed to keep attracting a talented, skilled workforce, businesses and growth. "Businesses are still here, large businesses that are in London, because of the quality of regulation. I think that that's one of the main appeals of London. [Policymakers should] re-emphasize those points and just keep at it. 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Business Wire
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YT Jia Shares Weekly Investor Update: Actor Cody Walker to Speak Onsite and Reveal FX Product & Tech at the Global Initial Launch of the FX Super One MPV July 17
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The FX strategy aims to introduce mass production models equipped with state-of-the-art luxury technology similar to the FF 91, targeting a broader market with middle-to-low price range offerings. FF is committed to redefining mobility through AI innovation. Join us in shaping the future of intelligent transportation. For more information, please visit FORWARD LOOKING STATEMENTS This press release includes 'forward looking statements' within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words 'plan to,' 'can,' 'will,' 'should,' 'future,' 'potential,' and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. 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