Lamar Advertising Company Announces Cash Dividend on Common Stock
March 09 2016 - 7:46PM
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 $0.75 per share payable on March 31, 2016 to stockholders of
record of Lamar’s Class A common stock and Class B common
stock on March 16, 2016. Lamar expects aggregate quarterly
distributions to stockholders in 2016, including the dividend
payable on March 31, 2016, will total $3.02 per common share.
Forward-Looking StatementsThis
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. These statements
include, but are not limited to, statements regarding anticipated
2016 distributions. 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, 2015. We undertake no obligation to update the
information contained in this press release to reflect subsequently
occurring events or circumstances.
About Lamar Advertising
CompanyFounded in 1902, Lamar Advertising Company is one
of the largest outdoor advertising companies in North America, with
more than 325,000 displays across the United States, Canada and
Puerto Rico. Lamar offers advertisers a variety of billboard,
interstate logo and transit 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 2,400 displays.
Company Contact:
Buster Kantrow
Director of Investor Relations
(225) 926-1000
bkantrow@lamar.com
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