LAKELAND — Publix Super Markets Inc. announced Thursday its board of directors has voted to recommend stockholders approve a 5-for-1 split of its stock next spring. The Lakeland-based supermarket chain began offering stock in 1959 to its employees at $10 a share. Now valued at $77.25, the stock has split three times .
When will publix stock split?
If stockholders approve the increase in shares, the effective date of the stock split will be July 1. Publix stock last split in 1992 , when it went 5-for-1. It was then valued at $53 per share.
Yet another query we ran across in our research was “When did Publix stock split?”.
The split, Publix’s first since 1992 , will become effective July 1, when the stock will be valued at $16.10 per share. The number of authorized shares of common stock will increase from 300 million to 1 billion on July 1.
What happens when a company splits shares?
When shares split, the company’s overall value remains the same , but a shareholder will double the number of shares in their portfolio, and those shares will trade at half the previous price. For example, a person who holds one share of a company at $100 per share will now hold two shares at $50 apiece.
How much did Publix stock go up in 1959?
The Lakeland-based supermarket chain began offering stock in 1959 to its employees at $10 a share. Now valued at $77.25 , the stock has split three times. Why is Publix stock going down?
How much is Publix stock worth?
Effective May 1, 2019, Publix’s stock price increased from $42.85 per share to $44.75 per share. Publix stock is not publicly traded and is made available for sale only to current Publix associates and members of its board of directors.
The chart below reflects Publix’s stock price over the past five years . Move your mouse pointer over a bar on the chart to display the stock price and its effective date. The historical stock price information is provided for informational purposes only.
Where can I buy Publix push shares?
Shares of PUSH can be purchased through any online brokerage account . Popular online brokerages with access to the U. What is Publix Super Markets’ stock price today?
You also can visit Publix stockholder services at the corporate office to sell your Publix stock. If the sale amount is over $500,000 , the sale request is held for 5 business days from the date Publix stockholder services receives it to allow time for the necessary funds to be released.
Does Publix pay dividends?
Amounts displayed are adjusted to reflect past stock splits. The table below lists the declared dividends for the current and prior year. Publix announced the change from semi-annual dividends to quarterly dividends in July 2015. The historical dividend information is provided for informational purposes only.
Is Publix Super Markets’stock a buy for dividend growth?
Publix Super Markets does not have a long track record of dividend growth . In the past three months, Publix Super Markets insiders have not sold or bought any company stock. Only 5.29% of the stock of Publix Super Markets is held by insiders.