Lamar Advertising Announces Tax Reporting Information For 2024 Distributions on Common Stock

Rhea-AI Summary

Lamar Advertising Company (LAMR) has released its tax reporting information for 2024 distributions on Class A and Class B common stock. The company made four quarterly distributions throughout 2024:

- March 28: $1.30 per share
- June 28: $1.30 per share
- September 30: $1.40 per share
- December 30: $1.65 per share

For each distribution, the entire amount was classified as ordinary taxable dividend, with a portion qualifying as qualified taxable dividend and Section 199A dividend. There was no return of capital component in any of the distributions. The December distribution marked the highest quarterly payout at $1.65 per share.

Positive

• Progressive increase in quarterly distributions from $1.30 to $1.65 per share
• Total annual distribution of $5.60 per share
• 100% of distributions qualified as dividends with no return of capital

Negative

• None.

BATON ROUGE, La., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Lamar Advertising Company (“Lamar”) (Nasdaq: LAMR) today announced certain year-end federal income tax reporting information for its 2024 distributions on its Class A and Class B common stock (“Common Stock”).

The following table summarizes, for federal income tax purposes, the nature of distributions paid to holders of Lamar Common Stock, presented on a per share basis, during the calendar year ended December 31, 2024. Stockholders are encouraged to consult with their tax advisors as to the specific tax treatment of Lamar’s 2024 distributions.

Lamar Advertising Company Common Stock
Ticker Symbol: LAMR

				Ordinary		Qualified
		Cash		Taxable		Taxable		Sec. 199A		Return of
		Distribution		Dividend		Dividend		Dividend		Capital
Record Date	Payable Date	(per share)		(per share)		(per share)*		(per share)*		(per share)
3/15/2024	3/28/2024	$1.3000		$1.3000		$0.0728		$1.2272		$0.0000
6/17/2024	6/28/2024	$1.3000		$1.3000		$0.0728		$1.2272		$0.0000
9/18/2024	9/30/2024	$1.4000		$1.4000		$0.0784		$1.3216		$0.0000
12/18/2024	12/30/2024	$1.6500		$1.6500		$0.0924		$1.5576		$0.0000
*Qualified taxable dividend and Sec. 199A dividend amounts included in ordinary taxable dividend amount.

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 4,800 displays.

Company Contact:

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

FAQ

What was Lamar Advertising's (LAMR) total dividend distribution for 2024?

Lamar Advertising's total dividend distribution for 2024 was $5.60 per share, paid across four quarterly distributions.

How much was LAMR's largest quarterly dividend payment in 2024?

LAMR's largest quarterly dividend payment in 2024 was $1.65 per share, distributed on December 30, 2024.

What portion of LAMR's 2024 distributions qualified as Section 199A dividends?

The majority of each distribution qualified as Section 199A dividends: $1.2272 for Q1 and Q2, $1.3216 for Q3, and $1.5576 for Q4.

Did LAMR's 2024 distributions include any return of capital?

No, LAMR's 2024 distributions did not include any return of capital component; all distributions were classified as ordinary taxable dividends.

How did LAMR's quarterly dividend payments progress throughout 2024?

LAMR's quarterly dividends showed an increasing trend: $1.30 in Q1 and Q2, rising to $1.40 in Q3, and reaching $1.65 in Q4.