Lamar Advertising Company Announces Cash Dividend on Common Stock and Increase in Stock Repurchase Authorization

Rhea-AI Summary

Lamar Advertising Company (LAMR) has announced two significant shareholder-focused initiatives. The company declared a quarterly cash dividend of $1.55 per share, payable on June 30, 2025, to stockholders of record as of June 16, 2025. The company projects total distributions for 2025 to reach at least $6.20 per common share.

Additionally, after completing $150 million in stock repurchases under its existing program, Lamar's board has approved a $150 million increase to its stock repurchase authorization. This brings the total amount available for future repurchases to $250 million.

Positive

• Quarterly dividend of $1.55 per share maintains strong shareholder returns
• Expected total distributions of $6.20 per share for 2025 shows commitment to shareholder value
• Significant increase in stock repurchase program by $150 million
• Successfully completed previous $150 million in stock repurchases
• Total of $250 million now available for future share repurchases

Negative

• None.

Insights

Financial Analyst

Lamar boosts shareholder returns with steady $1.55 quarterly dividend and significant $150M increase to buyback program.

Lamar Advertising's declaration of a $1.55 quarterly dividend maintains its commitment to shareholder returns, with expected total distributions of at least $6.20 per share for 2025. This consistent dividend policy signals management's confidence in stable cash flow generation from their outdoor advertising operations.

More notably, the company has expanded its stock repurchase capacity by $150 million, bringing the total available for future buybacks to $250 million. This comes after already completing $150 million in stock repurchases under the existing program. This significant increase in repurchase authorization (150% rise in available funds) indicates management likely believes shares are undervalued or that buybacks represent the optimal capital allocation strategy versus alternative investments.

The dual approach of dividends and expanded share repurchases demonstrates a balanced capital return strategy. By maintaining dividend distributions while significantly increasing buyback capacity, Lamar is offering immediate cash returns to income-focused investors while simultaneously reducing share count to potentially enhance earnings per share for long-term holders. The company's willingness to commit substantial capital to shareholder returns suggests strong free cash flow generation from its portfolio of outdoor advertising and logo sign displays, even as the broader advertising market faces digital transformation challenges.

BATON ROUGE, La., May 15, 2025 (GLOBE NEWSWIRE) -- Lamar Advertising Company (Nasdaq: LAMR) (the “Company”), 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 $1.55 per share payable on June 30, 2025 to stockholders of record of Lamar’s Class A common stock and Class B common stock on June 16, 2025. The Company expects aggregate quarterly distributions to stockholders in 2025, including the dividend payable on June 30, 2025‎, will total at least $6.20 per common share.

In addition, as previously announced, the Company has completed $150 million in stock repurchases under its existing stock repurchase program, and had $100 million available to be repurchased in the future under the program. Today, the Company announces that its board of directors has approved an increase to the stock repurchase program in the amount of $150 million, bringing the total amount remaining that is available to be repurchased under the program to $250 million.

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, 2024, as supplemented by any risk factors contained in our Quarterly Reports on Form 10-Q‎. 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 363,000 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 5,100 displays.

Company Contact:

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

FAQ

What is LAMR's quarterly dividend payment for Q2 2025?

Lamar Advertising (LAMR) will pay a quarterly dividend of $1.55 per share on June 30, 2025, to stockholders of record as of June 16, 2025.

How much is LAMR's total expected dividend distribution for 2025?

Lamar Advertising expects total distributions to stockholders in 2025 to be at least $6.20 per common share.

How much did LAMR increase its stock buyback program by in May 2025?

Lamar Advertising increased its stock repurchase program by $150 million, bringing the total available for future repurchases to $250 million.

What is the record date for LAMR's Q2 2025 dividend?

The record date for Lamar Advertising's Q2 2025 dividend is June 16, 2025.

How much has LAMR already completed in stock repurchases under its program?

Lamar Advertising has completed $150 million in stock repurchases under its existing stock repurchase program.