Publix announced its board of directors declared a quarterly dividend on its common stock. This dividend is 20 cents per share. The dividend will be paid Aug. 3, 2015, either through direct deposit or mailed as a check to stockholders of record as of the close of business July 15, 2015.

Publix previously paid semi-annual dividends in June and December each year. We plan to pay quarterly dividends in February, May, August and November each year.

“Many companies pay dividends quarterly, and our board of directors decided it would be beneficial for our stockholders to receive dividends quarterly rather than semi-annually,” said CEO Ed Crenshaw. “This quarterly dividend is about half of the semi-annual dividend paid in June.”