Landstar System dividend yield – Landstar System Announces Quarterly Dividend of $0.30 per Share

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Landstar System ($NASDAQ:LSTR) is a publicly traded company that provides transportation and logistics services. The company has a diversified business model with a focus on asset-light transportation and logistics services. Landstar’s transportation and logistics services include truckload, less-than-truckload, intermodal, air, and ocean transportation. The company also provides domestic and international supply chain management and warehousing services. Landstar System Announces Quarterly Dividend of $0.30 per Share The dividend will be paid on December 2 to shareholders of record as of November 8, and the ex-dividend date is November.

This dividend announcement comes as good news for shareholders, as it indicates that the company is continuing to perform well and generate enough cash to support its dividend payments. Landstar has a long history of paying dividends, and the company has increased its dividend payout in each of the last five years. Given the company’s strong financial performance and growth prospects, shareholders can expect Landstar to continue paying increasing dividends in the future.

Dividends – Landstar System dividend yield

Landstar has increased its dividend payout in each of the last three years. Landstar’s dividend yields from 2020 to 2022 are 0.71%, 0.58%, and 0.67%. The company’s three-year average dividend yield is 0.65%.

Market Price

This news caused the stock price to increase by 2.5% from the previous close of 152.5. The company offers a wide range of services including truckload and less-than-truckload transportation, logistics, and warehousing. The company has a strong history of paying dividends and has increased the dividend amount for the past nine consecutive years.

The company has been growing at a healthy pace and is well-positioned for continued growth in the future. The stock is a good long-term investment for investors who are looking for income and capital appreciation.

VI Analysis

Company’s fundamentals reflect its long term potential, below analysis on LANDSTAR SYSTEM are made simple by VI app. According to VI Risk Rating, LANDSTAR SYSTEM is a low risk investment in terms of financial and business aspects. VI App has detected 1 risk warnings in income sheet. Register with us to check it out.

LANDSTAR SYSTEM is a transportation and logistics company with a strong focus on delivering shareholder value. The company’s fundamentals reflect its long term potential, and the VI app makes it easy to analyze the company’s financials and business operations. According to VI Risk Rating, LANDSTAR SYSTEM is a low risk investment, and the app has detected 1 risk warning in the company’s income sheet.

VI Peers

The company offers a full range of services including truckload, less-than-truckload, intermodal, airfreight, ocean freight, and logistics management services. Landstar System Inc’s competitors include Kuehne + Nagel International AG, Tri-Mode System (M) Bhd, Wiseway Group Ltd, and other leading transportation management companies.

– Kuehne + Nagel International AG ($OTCPK:KHNGF)

Kuehne + Nagel International AG is a leading global logistics company that provides innovative and comprehensive supply chain solutions for customers in a wide range of industries. The company’s market cap is 28.7B as of 2022 and its ROE is 76.87%. Kuehne + Nagel has a strong focus on customer service and offers a wide range of logistics services, including transportation, warehousing, and distribution.

– Tri-Mode System (M) Bhd ($KLSE:0199)

Tri-Mode System (M) Bhd is a company with a market cap of 68.06M as of 2022. The company has a ROE of 11.4%. Tri-Mode System (M) Bhd is engaged in the business of providing system solutions and services. The company offers a range of services, including system design, development, integration, implementation, and maintenance. Tri-Mode System (M) Bhd also provides training, support, and consultancy services.

– Wiseway Group Ltd ($ASX:WWG)

Wiseway Group Ltd is a publicly traded company with a market capitalization of $10.87 million as of 2022. The company has a return on equity of -17.59%. Wiseway Group Ltd is engaged in the business of providing logistics and transportation services.

Summary

LANDSTAR SYSTEM is a great investment because it provides investors with a reliable source of income. The company has a strong history of paying out dividends, and it has a solid financial foundation.