Landstar System (LSTR) Raises Quarterly Dividend 50% to $0.15; 0.5% Yield
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Landstar System Reports Record Quarterly Revenue of $1.052 Billion, Record Quarterly Diluted Earnings Per Share and an Increased Quarterly Dividend
January 31, 2018 4:16 PM ESTJACKSONVILLE, Fla., Jan. 31, 2018 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR) reported net income of $64.8 million, or $1.54 per diluted share, in the 2017 fourth quarter on record revenue of $1.052 billion. Included in net income in the 2017 fourth quarter are one-time tax benefits of approximately $19.5 million, or $0.46 per diluted share, related to the Companys reasonable estimate of the change in future tax rates on net deferred tax liabilities as a result of the enactment of the Tax Cuts and Jobs Act in December 2017. Excluding the impact of the revaluation of the deferred tax liabilities, the... More
