Lamar Advertising Company Announces Cash Dividend on Common Stock

Rhea-AI Summary

Lamar Advertising Company (Nasdaq: LAMR) has declared a quarterly cash dividend of $1.20 per share, payable on September 30, 2022. This dividend will be distributed to stockholders who hold Lamar’s Class A and Class B common stock as of September 19, 2022. With a robust portfolio of over 360,000 displays across North America, Lamar continues to be a leading player in outdoor advertising, including the largest network of digital billboards in the U.S.

Positive

• Quarterly dividend of $1.20 enhances shareholder value.
• Continued strong presence in outdoor advertising with over 360,000 displays.

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• None.

BATON ROUGE, La., Sept. 06, 2022 (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 $1.20 per share payable on September 30, 2022 to stockholders of record of Lamar’s Class A common stock and Class B common stock on September 19, 2022.

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, 2021, 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 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 over 4,100 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 LAMR?

LAMR declared a quarterly cash dividend of $1.20 per share.

When will LAMR's dividend be paid?

The dividend will be paid on September 30, 2022.

What is the record date for LAMR's dividend?

The record date for the dividend is September 19, 2022.

How many displays does Lamar Advertising have?

Lamar Advertising Company has over 360,000 displays across North America.