Lamar Advertising Company Announces Cash Dividend on Common Stock

Rhea-AI Summary

Lamar Advertising Company (Nasdaq: LAMR) has announced a quarterly cash dividend of $1.00 per share, payable on September 30, 2021, to shareholders of record on September 20, 2021. This reflects the company's ongoing commitment to returning value to shareholders. Established in 1902, Lamar is one of North America's largest outdoor advertising firms, boasting approximately 352,000 displays across the U.S. and Canada. The company also operates the largest network of digital billboards in the U.S., with over 3,700 digital displays.

Positive

• Declared a quarterly cash dividend of $1.00 per share, demonstrating strong shareholder returns.
• Established in 1902, indicating long-term stability and experience in outdoor advertising.
• Operates approximately 352,000 displays, showcasing significant market presence.
• Largest network of digital billboards in the U.S. with over 3,700 displays, allowing enhanced advertising capabilities.

Negative

• None.

BATON ROUGE, La., Sept. 07, 2021 (GLOBE NEWSWIRE) -- Lamar Advertising Company (Nasdaq: LAMR), a leading owner and operator of outdoor advertising and logo sign displays, announces that its board of directors has declared a quarterly cash dividend of $1.00 per share payable on September 30, 2021, to stockholders of record of Lamar’s Class A common stock and Class B common stock on September 20, 2021.

Forward-Looking Statements
This press release contains “forward-looking statements” concerning Lamar Advertising Company’s goals, beliefs, expectations, strategies, objectives, plans, future operating results and underlying assumptions and other statements that are not necessarily based on historical facts.  Actual results may differ materially from those indicated in our forward-looking statements as a result of various factors, including those factors set forth in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2020, as supplemented by any risk factors contained in our Quarterly Reports on Form 10-Q and our Current Reports on Form 8-K.  We undertake no obligation to update the information contained in this press release to reflect subsequently occurring events or circumstances.

About Lamar Advertising Company
Founded in 1902, Lamar Advertising Company is one of the largest outdoor advertising companies in North America, with approximately 352,000 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 over 3,700 displays. 

Company Contact:

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

FAQ

What is the dividend amount declared by Lamar Advertising Company?

Lamar Advertising Company declared a quarterly cash dividend of $1.00 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on September 30, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is September 20, 2021.

How many displays does Lamar Advertising operate?

Lamar Advertising operates approximately 352,000 displays across North America.

What is the significance of Lamar's digital billboard network?

Lamar operates the largest network of digital billboards in the U.S., with over 3,700 displays, enhancing advertising reach.