Lamar Advertising Company Declares Robust Cash Dividend for Investors
Lamar Advertising Company's Commitment to Shareholders
Lamar Advertising Company, a prominent name in the outdoor advertising sector, has declared an impressive quarterly cash dividend of $1.55 per share. This announcement highlights the company’s commitment to its shareholders and its robust financial performance in recent months. The dividend is set to be paid on a specific date, rewarding those invested in both Class A and Class B common stock.
Details of the Dividend Declaration
The board of directors at Lamar has scheduled the dividend payment for March 28. Those stockholders who are recorded up until March 14 will be eligible for this payout. Expectations are high, with Lamar planning to distribute at least $6.20 per common share over the year. Such moves not only reinforce confidence in their financial health but also demonstrate a strategy focused on returning value to investors.
Understanding the Forward-Looking Statements
While the announcement is promising, it's crucial to recognize the nature of forward-looking statements. Lamar emphasizes that estimates and future declarations come with uncertainties. Factors influencing actual results may deviate from previously stated expectations, underlining the unpredictable nature of market conditions. Stakeholders are encouraged to stay informed through regular updates from the company.
About Lamar Advertising Company
Lamar Advertising Company, established in 1902, has evolved into one of North America's largest outdoor advertising firms. With a vast inventory of over 360,000 displays spread across the United States and Canada, Lamar has become a vital partner for advertisers looking to reach extensive audiences. From traditional billboards to innovative digital displays, Lamar ensures that both local businesses and national brands can effectively promote their services.
Innovative Advertising Solutions
Beyond the classic outdoor advertising formats, Lamar leads with the largest network of digital billboards in the United States, boasting over 4,800 displays. This flexibility allows advertisers to engage with consumers in real time, adjusting messages to align with current events or promotional campaigns. Digital billboards enhance the user experience and increase visibility for companies trying to stand out in a crowded marketplace.
Contact Information for Investors
For any inquiries regarding investments and shareholder information, Buster Kantrow serves as the Director of Investor Relations at Lamar Advertising Company. Investors can reach him at (225) 926-1000 or by email at bkantrow@lamar.com. Engaging directly with the investor relations team provides stakeholders with clear insights and updates on the company's performance and strategic direction.
Frequently Asked Questions
What is the dividend declared by Lamar Advertising Company?
Lamar Advertising Company has declared a cash dividend of $1.55 per share.
When will the dividend be paid to shareholders?
The dividend is scheduled to be paid on March 28.
Who qualifies for the dividend payment?
Shareholders on record as of March 14 are eligible for the dividend payment.
How does Lamar Advertising support its advertisers?
Lamar offers a wide range of advertising formats, including billboards and digital displays, serving both local and national brands.
Who can I contact for more information regarding investor relations?
You can contact Buster Kantrow at (225) 926-1000 or email him at bkantrow@lamar.com.
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