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Publix readies 5‑for-1 stock split

Employee-owned grocer to raise total common shares to 4 billion

Russell Redman

April 1, 2022

1 Min Read
Publix_storefront-banner_closeup_3.jpg
As an employee-owned company, Publix trades its shares only to associates and board members, not publicly.Publix Super Markets

This month, Publix Super Markets plans to enact a 5‑for-1 stock split that will boost its number of authorized common shares from 1 billion to 4 billion.

Publix said Friday that its board of directors approved the stock split to be effective at of the close of business on April 14. For each share owned, stockholders will receive four additional shares.

After the 5‑for-1 split, Publix stock will begin trading at the adjusted price of $13.76 per share, the Lakeland, Fla.-based supermarket chain said. The company announced it also plans to pay a post-split dividend of 9 cents per share to stockholders of record on May 2.

As an employee-owned company, Publix doesn’t publicly trade its shares, which are available for sale only to associates and board members. Publix’s stock price stood at $68.80 per share as of March 1, when the company reported fiscal 2021 fourth-quarter results. That was up from $66.40 on Nov. 1 with the retailer’s third-quarter report.

Stock splits make shares of company easier to buy — providing a lower barrier to entry for new investors — without changing its market capitalization or current investors’ stakes in the business. Generally, stock splits indicate that a company is doing well because they typically occur when its share price is high.

Related:Publix notches another double-digit sales gain in Q4

For its 2021 fiscal year ended Dec. 25, Publix totaled sales of $48 billion, up 7% from $44.9 billion in 2020, when the company saw a 17.7% sales jump. Comparable-store sales climbed 5.4%, building on 16% growth in 2020.

Overall, Publix has more than 230,000 associates and operates 1,297 stores in Florida, Georgia, Alabama, Tennessee, South Carolina, North Carolina and Virginia.

Read more about:

Publix Super Markets

About the Author

Russell Redman

Senior Editor
Supermarket News

Russell Redman has served as senior editor at Supermarket News since April 2018, his second tour with the publication. In his current role, he handles daily news coverage for the SN website and contributes news and features for the print magazine, as well as participates in special projects, podcasts and webinars and attends industry events. Russ joined SN from Racher Press Inc.’s Chain Drug Review and Mass Market Retailers magazines, where he served as desk/online editor for more than nine years, covering the food/drug/mass retail sector. 

Russell Redman’s more than 30 years of experience in journalism span a range of editorial manager, editor, reporter/writer and digital roles at a variety of publications and websites covering a breadth of industries, including retailing, pharmacy/health care, IT, digital home, financial technology, financial services, real estate/commercial property, pro audio/video and film. He started his career in 1989 as a local news reporter and editor, covering community news and politics in Long Island, N.Y. His background also includes an earlier stint at Supermarket News as center store editor and then financial editor in the mid-1990s. Russ holds a B.A. in journalism (minor in political science) from Hofstra University, where he also earned a certificate in digital/social media marketing in November 2016.

Russell Redman’s experience:

Supermarket News - Informa
Senior Editor 
April 2018 - present

Chain Drug Review/Mass Market Retailers - Racher Press
Desk/Online Editor 
Sept. 2008 - March 2018

CRN magazine - CMP Media
Managing Editor
May 2000 - June 2007

Bank Systems & Technology - Miller Freeman
Executive Editor/Managing Editor
Dec. 1996 - May 2000

Supermarket News - Fairchild Publications
Financial Editor/Associate Editor
April 1995 - Dec. 1996 

Shopping Centers Today Magazine - ICSC 
Desk Editor/Assistant Editor
Dec. 1992 - April 1995

Testa Communications
Assistant Editor/Contributing Editor (Music & Sound Retailer, Post, Producer, Sound & Communications and DJ Times magazines)
Jan. 1991 - Dec. 1992 

American Banker/Bond Buyer
Copy Editor
Oct. 1990 - Jan. 1991 

This Week newspaper - Chanry Communications
Reporter/Editor
May 1989 - July 1990

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