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LAKELAND, Fla. -- Publix Super Markets Inc. here said it would distribute a 2007 annual cash dividend of 40 cents per share on its common stock, up from 20 cents per share in 2006, adjusted for the effect of the five-for-one stock split that occurred July 1, 2006.
The dividend will be paid June 1, 2007 to stockholders of record as of the close of business April 20, 2007, the chain said. Publix stock is currently priced at $19.90 per share.
The privately owned chain’s stock isn't publicly traded, and is made available for sale only to current Publix associates and members of its board of directors.
Publix said it had sales of $21.7 billion in 2006. It operates 898 stores in Florida, Georgia, South Carolina, Alabama, and Tennessee.