Landstar Cheers Investors With Special One-time Cash Dividend

Zacks2024-12-12

In a shareholder-friendly move, Landstar System, Inc. LSTR announced a special one-time cash dividend of $2.00 per share. This special dividend will be paid on Jan. 21, 2025, to all its shareholders ...

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This special dividend will be paid on Jan. 21, 2025, to all its shareholders ...</p>\n\n<a href=\"https://finance.yahoo.com/news/landstar-cheers-investors-special-one-180700792.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Landstar Cheers Investors With Special One-time Cash Dividend</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLandstar Cheers Investors With Special One-time Cash Dividend\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-12 02:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/landstar-cheers-investors-special-one-180700792.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In a shareholder-friendly move, Landstar System, Inc. LSTR announced a special one-time cash dividend of $2.00 per share. This special dividend will be paid on Jan. 21, 2025, to all its shareholders ...</p>\n\n<a href=\"https://finance.yahoo.com/news/landstar-cheers-investors-special-one-180700792.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://finance.yahoo.com/news/landstar-cheers-investors-special-one-180700792.html","article_id":"2490945938","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/ssFgpSxPplCPmJm2Tm.jkw--~B/aD03NDE7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/0f0d868ae8aa46c22ac94bcd710f0524"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490945938","pubTimestamp":1733940420,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"In a shareholder-friendly move, Landstar System, Inc. LSTR announced a special one-time cash dividend of $2.00 per share. This special dividend will be paid on Jan. 21, 2025, to all its shareholders of record as of business on Jan. 7.Landstar president and chief executive officer, Frank Lonegro stated, “Landstar’s strong balance sheet and free cash flow generation enable us to continue to return value to our stockholders.”Landstar purchased 452,019 shares for approximately $82.1 million during the first 11 months of 2024. Landstar has paid $120.5 million to its shareholders in the form of cash dividends.Landstar has been consistently making efforts to reward its shareholders through dividends and share buybacks, which are encouraging. As a reflection of its shareholder-friendly stance, in 2023, LSTR paid dividends of $117.1 million and repurchased shares worth $53.9 million.EXPD has an impressive earnings surprise history. The company's earnings outpaced the Zacks Consensus Estimate in","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Landstar以特别一次性现金股息为投资者欢呼","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LSTR":1,"WAB":1,"ISBC":1,"EXPD":1},"content_text":"In a shareholder-friendly move, Landstar System, Inc. LSTR announced a special one-time cash dividend of $2.00 per share. This special dividend will be paid on Jan. 21, 2025, to all its shareholders of record as of business on Jan. 7.\nLandstar president and chief executive officer, Frank Lonegro stated, “Landstar’s strong balance sheet and free cash flow generation enable us to continue to return value to our stockholders.”\nLandstar purchased 452,019 shares for approximately $82.1 million during the first 11 months of 2024. Landstar has paid $120.5 million to its shareholders in the form of cash dividends.\nAs of Sept. 28, 2024, LSTR had $531 million in cash and short-term investments. The company aims to continue to use its available free cash flow to opportunistically purchase its stock under its stock purchase program.\nLandstar has been consistently making efforts to reward its shareholders through dividends and share buybacks, which are encouraging. As a reflection of its shareholder-friendly stance, in 2023, LSTR paid dividends of $117.1 million and repurchased shares worth $53.9 million.\nDividend-paying stocks provide a solid income stream and have fewer chances of experiencing wild price swings. Dividend stocks, like LSTR, are safe bets for creating wealth, as the payouts generally act as a hedge against economic uncertainty like the current scenario. \nLSTR management’s decision to announce a special dividend payout reflects the company’s commitment to boosting shareholder value apart from underlining confidence in its business. We believe such shareholder-friendly initiatives should boost investor confidence and positively impact the stock’s bottom line.\nLSTR’s Zacks Rank & Price Performance\nLSTR presently carries a Zacks Rank #4 (Sell).\nShares of LSTR have gained 2.9% over the past six months, but underperformed its industry’s growth of 17.5%.\nSix-Month Price Comparison\nImage Source: Zacks Investment Research\nStocks to Consider\nSome better-ranked stocks from the Zacks Transportation sector are Expeditors International of Washington, Inc. (EXPD) and Wabtec Corporation WAB. Each stock presently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nEXPD has an impressive earnings surprise history. The company's earnings outpaced the Zacks Consensus Estimate in two of the trailing four quarters (missed the mark in the remaining quarter and met in the other quarter), delivering an average surprise of 4.75%.\nThe Zacks Consensus Estimate for EXPD’s 2024 earnings has been revised 6.4% upward over the past 90 days. EXPD has an expected earnings growth rate of 8.38% for 2024. Shares of EXPD have lost 4.5% so far this year.\nWAB has an impressive earnings surprise history. The company's earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters (missed the mark in the remaining quarter), delivering an average surprise of 9.46%.\nThe Zacks Consensus Estimate for WAB’s 2024 earnings has been revised 2.5% upward over the past 90 days. WAB has an expected earnings growth rate of 28.55% for 2024. Shares of WAB have gained 57.4% so far this year.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nExpeditors International of Washington, Inc. (EXPD) : Free Stock Analysis Report\nWestinghouse Air Brake Technologies Corporation (WAB) : Free Stock Analysis Report\nLandstar System, Inc. (LSTR) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2490945938"}