Lamar Advertising Announces Tax Reporting Information For 2023 Distributions on Common Stock

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Lamar Advertising Company announces year-end federal income tax reporting information for its 2023 distributions on its Common Stock, with a summary of the nature of distributions paid to holders of Lamar Common Stock on a per share basis. The company encourages stockholders to consult with their tax advisors for specific tax treatment. The distributions include Ordinary, Qualified, Cash, Taxable, and Sec. 199A dividends, with specific amounts per share and record dates.

BATON ROUGE, La., Jan. 18, 2024 (GLOBE NEWSWIRE) -- Lamar Advertising Company (“Lamar”) (Nasdaq: LAMR) today announced certain year-end federal income tax reporting information for its 2023 distributions on its Class A and Class B common stock (“Common Stock”).

The following table summarizes, 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, 2023. Stockholders are encouraged to consult with their tax advisors as to the specific tax treatment of Lamar’s 2023 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)
3/17/2023	3/31/2023	$1.2500		$1.2500		$0.0576		$1.1924		$0.0000
6/19/2023	6/30/2023	$1.2500		$1.2500		$0.0576		$1.1924		$0.0000
9/18/2023	9/29/2023	$1.2500		$1.2500		$0.0576		$1.1924		$0.0000
12/18/2023	12/29/2023	$1.2500		$1.2500		$0.0576		$1.1924		$0.0000
*Qualified taxable dividend and Sec. 199A dividend amounts included in ordinary taxable dividend amount.

About Lamar Advertising Company

Founded in 1902, Lamar Advertising Company is one of the largest outdoor advertising companies in North America, with approximately 363,000 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 4,700 displays.

Company Contact:

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

FAQ

What federal income tax reporting information did Lamar Advertising Company announce for its 2023 distributions?

Lamar Advertising Company announced year-end federal income tax reporting information for its 2023 distributions on its Common Stock, with a summary of the nature of distributions paid to holders of Lamar Common Stock on a per share basis.

What advice did Lamar Advertising Company give to stockholders regarding the tax treatment of its 2023 distributions?

Lamar Advertising Company encourages stockholders to consult with their tax advisors as to the specific tax treatment of Lamar’s 2023 distributions.

What are the types of dividends included in Lamar Advertising Company's 2023 distributions?

The distributions include Ordinary, Qualified, Cash, Taxable, and Sec. 199A dividends.

What are the specific amounts per share and record dates of Lamar Advertising Company's 2023 distributions?

The specific amounts per share and record dates are as follows: 3/17/2023 - $1.2500, 3/31/2023; 6/19/2023 - $1.2500, 6/30/2023; 9/18/2023 - $1.2500, 9/29/2023; 12/18/2023 - $1.2500, 12/29/2023.