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Landstar System Announces Special Dividend
JACKSONVILLE, Fla., Dec. 04, 2025 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR), a technology-enabled, asset-light provider of integrated
About this update from Landstar System, Inc.
[{"type":"text","content":"JACKSONVILLE, Fla., Dec. 04, 2025 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR), a technology-enabled, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation logistics services, announced that on December 3, 2025, its Board of Directors declared a special one-time cash dividend in the amount of $2.00 per share, payable on January 21, 2026 to stockholders of record as of the close of business on January 6, 2026. “Landstar’s strong balance sheet and free cash flow generation position us to continue delivering value to our stockholders,” said Landstar President and Chief Executive Officer Frank Lonegro. The Company purchased a total of 1,281,863 shares of its common stock at an aggregate cost of approximately $180.9 million during the first 11 months of its 2025 fiscal year, inclusive of the applicable federal excise tax. The Company also returned $124.8 million to stockholders in the form of cash dividends payable on shares of its common stock during the 2025 fiscal year, inclusive of the previously announced $0.40 per share quarterly dividend scheduled for payment on December 9, 2025. As previously reported, the Company had approximately $434 million in cash and short-term investments as of September 27, 2025. The Company intends to continue to use its available free cash flow to purchase its stock opportunistically under its stock purchase program. About Landstar:Landstar System, Inc., is a technology-enabled, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services to a broad range of customers utilizing a network of agents, third-party capacity providers and employees. Landstar transportation services companies are certified to ISO 9001:2015 quality management system standards and RC14001:2015 environmental, health, safety and security management system standards. Landstar System, Inc. is headquartered in Jacksonville, Florida. Its common stock trades on The NASDAQ Stock Market® under the symbol LSTR. Forward Looking Statements Disclaimer:The following is a “safe harbor” statement under the Private Securities Litigation Reform Act of 1995. Statements contained in this press release that are not based on historical facts are “forward-looking statements.” This press release contains forward-lo...