Lamar Advertising Company Announces Cash Dividends on Common Stock

Rhea-AI Summary

Lamar Advertising Company (Nasdaq: LAMR) has declared a quarterly cash dividend of $1.20 per share and a special cash dividend of $0.30 per share. Both dividends are scheduled for payment on December 30, 2022, to stockholders of record as of December 19, 2022. Lamar, a major player in outdoor advertising, operates over 360,000 displays across North America and boasts the largest digital billboard network in the U.S. with approximately 4,300 displays.

Positive

• Quarterly cash dividend of $1.20 per share.
• Special cash dividend of $0.30 per share.
• Strong cash flow indicated by dividends, demonstrating company confidence.

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• None.

BATON ROUGE, La., Dec. 08, 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 and a special cash dividend of $0.30 per share, both payable on December 30, 2022 to stockholders of record of Lamar’s Class A common stock and Class B common stock on December 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 approximately 4,300 displays.

Company Contact:

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

FAQ

What is the dividend payment amount for LAMR?

Lamar Advertising Company has declared a quarterly cash dividend of $1.20 per share and a special cash dividend of $0.30 per share.

When will LAMR's dividends be paid?

The dividends will be paid on December 30, 2022.

Who is eligible for the LAMR dividends?

Stockholders of record as of December 19, 2022, are eligible for the dividends.