Lamar Advertising Company Announces Cash Dividend on Common Stock
February 23 2017 - 4:00PM
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 $0.83 per share payable on March 31, 2017 to stockholders of
record of Lamar’s Class A common stock and Class B common
stock on March 15, 2017. Subject to the approval of its board
of directors, Lamar expects aggregate quarterly distributions to
stockholders in 2017, including the dividend payable on March 31,
2017, will total $3.32 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 2017 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, 2016. 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 330,000 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
approximately 2,600 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
Lamar Advertising (NASDAQ:LAMR)
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