Lamar Advertising Company Announces Cash Dividend on Common Stock
August 29 2016 - 4:15PM
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 $0.76 per share payable on September 30, 2016 to stockholders of
record of Lamar’s Class A common stock and Class B common
stock on September 16, 2016. Lamar expects aggregate
quarterly distributions to stockholders in 2016 will total $3.02
per common share, including the dividend payable on September 30,
2016 and the aggregate of $1.50 of dividends previously paid on
March 31, 2016 and June 30, 2016.
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, 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 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 2,500 displays. Please feel free to explore our website
www.lamar.com or contact us for additional information.
Company Contact:
Buster Kantrow
Director of Investor Relations
(225) 926-1000
bkantrow@lamar.com
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