Lamar Advertising Announces Tax Reporting Information For 2022 Distributions on Common Stock

Rhea-AI Summary

Lamar Advertising Company (NASDAQ: LAMR) announced key federal income tax reporting information for its 2022 distributions on Class A and Class B common stock. The press release outlines the nature of distributions for the year ending December 31, 2022, detailing taxable amounts paid to stockholders. Shareholders should consult their tax advisors regarding the specific tax implications of these distributions. Lamar, founded in 1902, is a leading outdoor advertising firm in North America with over 360,000 displays and the largest digital billboard network in the U.S., providing diverse advertising options for local and national clients.

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• Reported regular distributions of $1.10, $1.20, and special dividend of $0.30 per share for 2022.
• Maintains a strong market presence with over 360,000 displays across North America.

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• None.

BATON ROUGE, La., Jan. 18, 2023 (GLOBE NEWSWIRE) -- Lamar Advertising Company (“Lamar”) (Nasdaq: LAMR) today announced certain year-end federal income tax reporting information for its 2022 distributions on its Class A and Class B common stock (“Common Stock”).

The following tables summarize, for federal income tax purposes, the nature of distributions paid to holders of Lamar Common Stock, presented on a per share basis, during the calendar year ended December 31, 2022. Stockholders are encouraged to consult with their tax advisors as to the specific tax treatment of Lamar’s 2022 distributions.

Lamar Advertising Company Common Stock
Ticker Symbol: LAMR
				Ordinary		Qualified
		Cash		Taxable		Taxable		Sec. 199A		Return of
		Distribution		Dividend		Dividend		Dividend		Capital
Record Date	Payable Date	(per share)		(per share)		(per share)*		(per share)*		(per share)
3/21/2022	3/31/2022	$1.1000		$1.1000		$0.0662		$1.0338		$0.0000
6/20/2022	6/30/2022	$1.2000		$1.2000		$0.0722		$1.1278		$0.0000
9/19/2022	9/30/2022	$1.2000		$1.2000		$0.0722		$1.1278		$0.0000
12/19/2022	12/30/2022	$1.2000		$1.2000		$0.0722		$1.1278		$0.0000
**12/19/2022	**12/30/2022	$0.3000		$0.3000		$0.0180		$0.2820		$0.0000
*Qualified taxable dividend and Sec. 199A dividend amounts included in ordinary taxable dividend amount.
**Special dividend

About Lamar Advertising Company
Founded in 1902, Lamar Advertising Company is one of the largest outdoor advertising companies in North America, with more than 360,000 displays across the United States and Canada. Lamar offers advertisers a variety of billboard, interstate logo, transit and airport advertising formats, helping both local businesses and national brands reach broad audiences every day. In addition to its more traditional out of home inventory, Lamar is proud to offer its customers the largest network of digital billboards in the United States with approximately 4,300 displays.

Company Contact:

Buster Kantrow
Lamar Advertising Company
(225) 926-1000
bkantrow@lamar.com

 

FAQ

What were Lamar Advertising's 2022 dividend distributions?

Lamar Advertising's 2022 distributions included regular dividends of $1.10, $1.20, and a special dividend of $0.30 per share.

When were the record and payable dates for Lamar's 2022 dividends?

Record and payable dates for 2022 dividends were March 21, June 20, September 19, and December 19, with corresponding payable dates following at the end of the month.

How many displays does Lamar Advertising operate?

Lamar Advertising operates more than 360,000 displays across the United States and Canada.

What is the significance of the 2022 tax reporting for Lamar's stockholders?

The 2022 tax reporting outlines the nature of distributions and helps stockholders understand the tax implications of their dividends.

What is Lamar's ticker symbol?

Lamar's ticker symbol is LAMR.