Market Overview

Analyzing Landstar System's Ex-Dividend Date


On December 8, 2020, Landstar System (NASDAQ:LSTR) declared a dividend payable on January 22, 2021 to its shareholders. Landstar System also announced that shareholders on the company's books on or before January 8, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Landstar System has an ex-dividend date set for for January 7, 2021. The company's current dividend payout is $2.0, which equates to a dividend yield of 5.94% at current price levels.

Understanding Ex-Dividend Dates'

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

Understanding Landstar System's Dividend History

Over the past year, Landstar System has seen its dividend payouts and yields climb upward overall. Last year (February 13, 2020), the company's payout sat at $0.18, which has since increased by $1.81. Landstar System's dividend yield last year was 0.66%, which has since grown by 5.28%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

Click here to find details on Landstar System's previous dividends.


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Posted-In: BZI-ExDivDividends

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