Lamar Advertising Company Declares Quarterly Cash Dividend
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Lamar Advertising Company Declares Quarterly Cash Dividend
Lamar Advertising Company (Nasdaq: LAMR), a prominent leader in the outdoor advertising industry, has declared a quarterly cash dividend of $1.40 per share. This dividend is set to be payable on the designated date of September 30 to all stockholders of record for the Class A and Class B common stock, effective September 18. On top of this dividend, the company anticipates total quarterly distributions for stockholders in 2024 to be no less than $5.40 per common share.
Overview of Lamar Advertising Company
Established in 1902, Lamar Advertising Company stands as one of the largest outdoor advertising entities in North America. The company boasts a vast portfolio of over 360,000 advertising displays throughout the United States and Canada. Lamar offers diverse options for advertisers, including billboards, interstate logos, transit, and airport advertising formats. This variety enables both local businesses and extensive national brands to engage a wide audience daily.
Innovative Advertising Solutions
In addition to its traditional advertising inventory, Lamar Advertising Company is notably recognized for its expansive digital billboard network. With over 4,800 digital displays, the company is positioned at the forefront of the outdoor advertising revolution. This innovation allows advertisers to connect with consumers in real time, significantly enhancing the effectiveness of their campaigns.
Financial Performance and Future Outlook
Lamar's commitment to delivering value to its stockholders is evident in its consistent dividend declarations. The company's strategic decisions continue to be driven by its goal of maximizing stockholder returns while maintaining robust operational performance. With expectations for future quarterly distributions, Lamar's approach reflects its confidence in sustained financial health and growth in the advertising sector.
Commitment to Stakeholders
The leadership at Lamar Advertising recognizes the importance of transparency and keeping stakeholders informed. This commitment is reflected not only in their dividend policies but also in their overall communications strategy with investors. As a publicly traded company, Lamar continuously provides insights into its financial strategies, operational advancements, and market position.
Contact Information
For further inquiries regarding investments or company performance, stakeholders can reach out to:
Buster Kantrow
Director of Investor Relations
Lamar Advertising Company
(225) 926-1000
bkantrow@lamar.com
Frequently Asked Questions
What is the amount of the declared dividend by Lamar Advertising Company?
The declared dividend by Lamar Advertising Company is $1.40 per share.
When will the dividend be paid?
The dividend will be payable on September 30, with stocks required to be held by September 18 to qualify.
How many displays does Lamar Advertising Company operate?
Lamar Advertising Company operates over 360,000 advertising displays across North America.
What types of advertising formats does Lamar offer?
Lamar offers various advertising formats including traditional billboards, transit advertising, and digital displays.
Who can I contact for more details about investor relations at Lamar?
Buster Kantrow, the Director of Investor Relations, is available at (225) 926-1000 or via email at bkantrow@lamar.com.
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