Lamar Advertising Company Announces Cash Dividend on Common Stock

Rhea-AI Summary

Lamar Advertising Company (Nasdaq: LAMR) has declared a quarterly cash dividend of $1.10 per share, payable on March 31, 2022, for stockholders on record by March 21, 2022. The company anticipates total quarterly distributions in 2022 will reach $4.40 per common share, subject to board approval. Established in 1902, Lamar is a leading outdoor advertising firm in North America, boasting over 351,000 displays and the largest digital billboard network in the U.S. with around 3,900 displays.

Positive

• Quarterly cash dividend of $1.10 per share indicates strong financial health.
• Expected total quarterly distributions of $4.40 per common share for 2022 demonstrates commitment to returning value to shareholders.

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• None.

BATON ROUGE, La., Feb. 24, 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 $1.10 per share payable on March 31, 2022 to stockholders of record of Lamar’s Class A common stock and Class B common stock on March 21, 2022. Subject to the approval of its board of directors, Lamar expects aggregate quarterly distributions to stockholders in 2022, including the dividend payable on March 31, 2022, will total $4.40 per common share.

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 ‎and as updated in our Annual Form 10-K for the year ended December 31, 2021 when filed‎. 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 approximately 3,900 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 declared a quarterly cash dividend of $1.10 per share.

When will Lamar Advertising Company pay the dividend?

The dividend will be paid on March 31, 2022.

Who is eligible for the dividend from Lamar Advertising Company?

Stockholders of record on March 21, 2022, are eligible for the dividend.

What are the expected total distributions for Lamar in 2022?

The expected total quarterly distributions in 2022 are $4.40 per common share.

How many displays does Lamar Advertising Company have?

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