Publix Announces Semi-Annual Dividend

LAKELAND, Fla., Oct. 1, 2012 — Publix Super Markets Inc. announced its board of directors declared a semi-annual dividend on its common stock. This dividend is 30 cents per share. The dividend will be payable and mailed Dec. 3, 2012, to stockholders of record as of the close of business Oct. 31, 2012.

Publix previously paid an annual dividend in June each year. Publix CEO, Ed Crenshaw, commented on the change to a semi-annual dividend, "Due to the growth of our dividend over the last several years, our board of directors decided it would be appropriate to pay a semi-annual rather than an annual dividend. This semi-annual dividend is about half of the annual dividend paid in June 2012. We plan to pay another semi-annual dividend in June 2013."