Lamar Advertising Company Announces Cash Dividends on Common Stock

Rhea-AI Summary

Lamar Advertising Company (Nasdaq: LAMR), a leading outdoor advertising and logo sign displays operator, has announced two dividend distributions for shareholders. The company's board of directors has declared a quarterly cash dividend of $1.40 per share and a special cash dividend of $0.25 per share. Both dividends will be paid on December 30, 2024 to stockholders of record of Lamar's Class A and Class B common stock as of December 18, 2024.

Positive

• Declared quarterly dividend of $1.40 per share
• Additional special dividend of $0.25 per share
• Total dividend payout of $1.65 per share for the quarter

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• None.

BATON ROUGE, La., Dec. 06, 2024 (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 $1.40 per share and a special cash dividend of $0.25 per share, both payable on December 30, 2024 to stockholders of record of Lamar’s Class A common stock and Class B common stock on December 18, 2024.

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, 2023, 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 over 4,800 displays.

Company Contact:

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

FAQ

What is Lamar Advertising's (LAMR) quarterly dividend for Q4 2024?

Lamar Advertising's quarterly dividend for Q4 2024 is $1.40 per share.

When will LAMR pay its Q4 2024 dividend and special dividend?

Both the quarterly and special dividends will be paid on December 30, 2024.

What is the record date for Lamar Advertising's (LAMR) Q4 2024 dividends?

The record date for both dividends is December 18, 2024.

How much is LAMR's special dividend for December 2024?

Lamar Advertising announced a special dividend of $0.25 per share.

What is the total dividend payout for LAMR shareholders in Q4 2024?

The total dividend payout is $1.65 per share, combining the $1.40 quarterly dividend and $0.25 special dividend.