Lamar Advertising Company Announces Cash Dividend on Common Stock
February 22 2018 - 4:05PM
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 $0.91 per share payable on March 29, 2018 to stockholders of
record of Lamar’s Class A common stock and Class B common
stock on March 19, 2018. Subject to the approval of its board
of directors, Lamar expects aggregate quarterly distributions to
stockholders in 2018, including the dividend payable on March 29,
2018, will total $3.65 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 2018 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, as supplemented
by any risk factors contained in our Quarterly Reports on Form 10-Q
and our Current Reports on Form 8-K. 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 (Nasdaq:LAMR) is one of the largest outdoor
advertising companies in North America, with more than 348,000
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 2,800 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) 926-1000bkantrow@lamar.com
Lamar Advertising (NASDAQ:LAMR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Lamar Advertising (NASDAQ:LAMR)
Historical Stock Chart
From Apr 2023 to Apr 2024