Lamar Advertising Company Announces Cash Dividends on Common Stock

Rhea-AI Summary

Lamar Advertising Company (Nasdaq: LAMR) has declared a cash dividend of $1.00 per share and a special cash dividend of $0.50 per share, both payable on December 30, 2021. Shareholders of record for the Class A and Class B common stock will be recognized on December 20, 2021. Founded in 1902, Lamar is one of North America's largest outdoor advertising companies, operating over 352,000 displays across the U.S. and Canada, including approximately 3,800 digital billboards.

Positive

• Quarterly cash dividend of $1.00 per share will provide income to shareholders.
• Special cash dividend of $0.50 per share enhances shareholder returns.

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• None.

BATON ROUGE, La., Dec. 09, 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 $1.00 per share and a special cash dividend of $0.50 per share, both payable on December 30, 2021, to stockholders of record of Lamar’s Class A common stock and Class B common stock on December 20, 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 352,000 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 3,800 displays. 

Company Contact:

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

FAQ

What is the dividend amount declared by LAMR?

Lamar Advertising declared a quarterly cash dividend of $1.00 per share and a special cash dividend of $0.50 per share.

When will the dividends be paid to LAMR shareholders?

The dividends will be paid on December 30, 2021.

What is the record date for receiving dividends from Lamar Advertising?

The record date for the dividends is December 20, 2021.

How many displays does Lamar Advertising operate?

Lamar Advertising operates over 352,000 displays across the United States and Canada.

What is the significance of the special dividend from LAMR?

The special dividend signifies a strong return on investment for shareholders and reflects the company's financial health.