Landstar System (LSTR) Declares $1.50 Special Dividend; Raises Buyback Plan to 3M Shares

Landstar System (NASDAQ: LSTR) declared a special dividend of $1.50 per share.

The dividend will be payable on January 26, 2018, to stockholders of record on January 12, 2018, with an ex-dividend date of January 11, 2018.

The annual yield on the dividend is 1.4 percent.

Landstar System, Inc. (NASDAQ: LSTR), a worldwide, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation logistics services, announced that on December 11, 2017, its Board of Directors increased the number of shares of its common stock that the Company is authorized to purchase under its stock purchase program to 3,000,000. The increase to the share purchase program reflects a new authorization to purchase 1,964,875 shares of Landstar System common stock in addition to the remaining capacity under the existing authorization to purchase 1,036,125 shares.

For a dividend history and other dividend-related data on Landstar System (LSTR) click here.

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