Publix Announces Quarterly Dividend: Successful Employee Ownership Model

The US-based trading institution Publix Super Markets, headquartered in Lakeland, delights its shareholders with the announcement of a quarterly dividend of 10.75 cents per share. This dividend will be paid on November 1, with entitlements recorded by the close of business on October 15. What makes Publix special is its ownership structure. As the largest employee-owned company in the United States, the firm boasts an impressive 255,000 employees working in 1,379 stores across eight states. Although the stock is not publicly traded, it is enjoyed by an exclusive group of investors, consisting of active employees and board members. Publix, known for its extensive supermarket offerings and pharmacy services, ensures its supply through ten strategically placed distribution centers, in vibrant locations such as Miami and Atlanta. This is complemented by six manufacturing facilities that cover a remarkable range of foods, from bakery to dairy products. The fundamental strength of the company lies in its debt-free ownership of its main offices and production sites. Shareholders have the opportunity to choose their preferred method of receiving dividends through a specially set up online portal. This is another testament to the forward-thinking and progressive approach that is guiding the traditional company into the digital age.