Landstar announces payment of dividend

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JACKSONVILLE, Fla. – Landstar System, Inc., a non-asset based provider of integrated supply chain solutions delivering safe, specialized transportation and logistics services, announced Thursday that its Board of Directors has declared a dividend of $0.50 per share to holders of its common stock.

Landstar stated that this dividend is intended to accelerate payment to December 2012 of its anticipated quarterly dividend payments that otherwise may have been paid during the 2013 and 2014 calendar years.  Accordingly, the Company does not expect to announce quarterly dividends with its quarterly earnings results for the fourth quarter of fiscal 2012, the four quarters of fiscal 2013, or the first, second or third quarters of fiscal 2014.  The Company intends to reevaluate its dividend policy in the fourth quarter of 2014.

This dividend will be paid on or about December 27, 2012 to stockholders of record as of the close of business on December 17, 2012.

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