ABOUT

Largest  employee-owned grocery chain in the United States

Estd: 1930

Largest  employee-owned grocery chain in the United States

OUTLETS

>>  230,000 associates.  >> 1,297 stores in US states.

STOCK SPLIT

>> Publix announced to enact a 5‑for-1 stock split. >> Increase authorized common shares from 1 billion to 4 billion.

SPLIT REASON

The company is doing well, typically stock split increases the number of shares, and the stock price goes down, which makes an attractive price for buyers.

SPLIT EFFECTIVE

The stock split and authorized common shares increase will be effective as on 14th April 22 at the end of business hours.

RULES

>> Publix doesn’t publicly trade its shares. >> Sale only to associates and board members.

BENEFITS

>> Easy to buy share of the company. >> New investors' minimum barrier to entry. >> No change in market capitalization or current investors’ stakes.

TRADING STATUS

After the stock split. the stock will begin trading at the price of $13.76 per share (split-adjusted).

DIVIDEND

Post-split dividends of 9 cents per share to stockholders are payable either through checks or deposits.

FINANCIAL 

>> For its FY2021 on Dec. 25, Publix gross sales of $48 billion, from $44.9 billion in 2020(up 7%), as a result of 17.7% sales jump. >> Comparable-store sales climbed 5.4%,

IMPORTANT DATES

>> Publix stockholder services will be closed on 15th April 22, >> Expected to re-open on 18thApril22, by 1 p.m. Eastern time.

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