$2 special dividend Archives - Maritime Shipping News

Landstar paying $2 special dividend after record 2021

9 December 2021

Landstar continues to return cash to shareholders through dividends and share repurchases

Truck broker Landstar System announced it will be paying shareholders a special dividend of $2 per share for the third consecutive year in a press release issued after the market closed Wednesday. The company’s board also increased the share repurchase authorization to 3 million shares, up from the 1.1 million previously outstanding.

Landstar (NASDAQ: LSTR) has had quite the year in 2021. Through its network of nearly 100,000 truck capacity providers, the broker rode a hot freight market, which...

https://www.freightwaves.com/news/landstar-paying-2-special-dividend-after-record-2021

Landstar announces $2-per-share special dividend

9 December 2020

Landstar to pay $2 special dividend for second straight year

Truck broker Landstar System Inc. (NASDAQ: LSTR) announced Wednesday after the market close that it will pay a one-time special dividend of $2 per share on Jan. 22.

The Jacksonville, Florida-based company’s president and CEO, Jim Gattoni, had indicated during a presentation at an investor conference last month that the cash payment would likely be the preferred method of deploying cash to shareholders. The other option was the repurchase of the company’s stock, assuming an attractive buying...

https://www.freightwaves.com/news/landstar-announces-2-per-share-special-dividend

Lackluster Q3 trends overshadow Schneider’s special dividend

29 October 2020

The biggest takeaway from Schneider National’s (NYSE: SNDR) third-quarter report may have been the announcement of a $2-per-share special dividend, which at least temporarily answered the questions around how the company would deploy its sizable cash position.

The $355 million special dividend represents less than half of the $769 million in cash on the balance sheet. Even after the Nov. 19 payment, the company will have ample cash to pursue other initiatives, including acquisitions....

https://s29755.pcdn.co/news/schneiders-special-dividend-overshadowed-by-lackluster-q3-trends

Schneider to pay $2 special dividend, Q3 results in line

29 October 2020

Schneider National (NYSE: SNDR) announced a $2 per share special dividend on Thursday, answering the looming questions around how the company would deploy its growing cash position.

The announcement was included in the Green Bay, Wisconsin-based truckload (TL) carrier’s third-quarter report, which was in line with the adjusted earnings per share (EPS) consensus estimate of 31 cents. The result excluded a $13.1 million pretax charge for an adverse excise tax ruling on glider kits.

“During the...

https://www.freightwaves.com/news/schneider-to-pay-a-2-special-dividend-q3-results-inline