Lamar Advertising Company Announces Cash Dividend on Common Stock

Rhea-AI Summary

Lamar Advertising Company (Nasdaq: LAMR) has declared a quarterly cash dividend of $0.75 per share. This dividend is payable on June 30, 2021, to stockholders of record on June 21, 2021. As a prominent outdoor advertising firm, Lamar operates over 351,000 displays across North America, including the largest network of digital billboards with 3,600+ displays. The company continues to support local and national advertisers in reaching broad audiences.

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• Quarterly cash dividend of $0.75 per share announced, indicating financial stability and shareholder return.
• Strong operational presence with over 351,000 displays across North America, enhancing advertising reach.

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• None.

BATON ROUGE, La., May 20, 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 $0.75 per share payable on June 30, 2021 to stockholders of record of Lamar’s Class A common stock and Class B common stock on June 21, 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 over 351,000 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 3,600 displays.

Company Contact:

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

FAQ

What is the dividend amount declared by Lamar Advertising Company?

Lamar Advertising Company has declared a quarterly cash dividend of $0.75 per share.

When is the dividend payable for Lamar Advertising?

The dividend is payable on June 30, 2021.

What is the record date for the dividend payment by LAMR?

The record date for the dividend payment is June 21, 2021.

How many displays does Lamar Advertising operate?

Lamar Advertising operates over 351,000 displays across the United States and Canada.