Publix stockholders and PROFIT Plan participants will be offered the opportunity to elect direct deposit of future dividends declared by the Publix Board of Directors on Publix stock held in their accounts as of the dividend record date. Direct deposit election forms will be mailed to all stockholders and those PROFIT Plan participants who are not active associates at the end of July.
Beginning in June, PROFIT Plan dividends were automatically deposited in active associates’ primary accounts as shown on PASSport unless they opted out of direct deposit. If active associates wish to elect a financial institution account other than their PASSport primary account for future PROFIT Plan dividends, they also may make a direct deposit election.
Employee Stock Purchase Plan accounts
Publix will mail a direct deposit election form for each Employee Stock Purchase Plan account to the address on file with stockholder services. Simply complete the election form and return it to stockholder services as soon as possible in the postage-paid return envelope with a voided check for the financial institution account you’ve elected on the form.
PROFIT Plan accounts
Future dividends declared by the Publix Board of Directors on Publix stock held in your PROFIT Plan account as of the dividend record date will be automatically deposited to your PASSport primary account on the payment date unless you
opted out of direct deposit. If this is acceptable to you, there is no further action you need to take.
If you wish to elect a financial institution account other than your PASSport primary account to which future PROFIT Plan dividends will be direct deposited, simply
- visit PASSport > Benefits > Retirement
- click PROFIT Plan in the Resources box on the left
- locate the Direct Deposit Authorization for PROFIT Plan Dividend form under Helpful Documents in the new browser window
- complete, print and sign the direct deposit election form and
- submit the form with a voided check for the financial institution account you’ve elected on the form to stockholder services as soon as possible.
Direct deposit elections
You can sign up for direct deposit of your pay at any time through PASSport, and future PROFIT Plan dividends will be automatically deposited to your PASSport primary account.
You also can submit direct deposit election forms to stockholder services at any time. As part of our commitment to provide our associates and stockholders with premier customer service, stockholder services will process direct deposit election forms as quickly as possible. However, election forms received within two weeks before a dividend record date may not be processed by stockholder services in time for that dividend payment but would apply to subsequent dividends declared by the Publix Board of Directors.
If you have any questions, please contact stockholder services at (863) 688-7407, ext. 52323, or toll-free 1-800-741-4332 (outside of Lakeland).
