Lamar Advertising Company Announces Cash Dividend on Common Stock

Rhea-AI Summary

Lamar Advertising Company (Nasdaq: LAMR) declares a quarterly cash dividend of $1.25 per share, payable on December 29, 2023, to stockholders of record of Lamar’s Class A common stock and Class B common stock on December 18, 2023.

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• The company's decision to declare a quarterly cash dividend indicates financial stability and confidence in future cash flows.

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• None.

BATON ROUGE, La., Nov. 29, 2023 (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 $1.25 per share payable on December 29, 2023 to stockholders of record of Lamar’s Class A common stock and Class B common stock on December 18, 2023.

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, 2022, 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 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
Director of Investor Relations
Lamar Advertising Company
(225) 926-1000
bkantrow@lamar.com

FAQ

What is the latest announcement from Lamar Advertising Company (Nasdaq: LAMR)?

Lamar Advertising Company (Nasdaq: LAMR) has declared a quarterly cash dividend of $1.25 per share payable on December 29, 2023 to stockholders of record of Lamar’s Class A common stock and Class B common stock on December 18, 2023.

When will the dividend be payable to Lamar Advertising Company (Nasdaq: LAMR) stockholders?

The dividend will be payable on December 29, 2023.

How much is the quarterly cash dividend declared by Lamar Advertising Company (Nasdaq: LAMR)?

The quarterly cash dividend declared is $1.25 per share.

What is the record date for Lamar Advertising Company (Nasdaq: LAMR) stockholders to receive the dividend?

Stockholders of record of Lamar’s Class A common stock and Class B common stock on December 18, 2023, will receive the dividend.