Lamar Advertising Company Announces Change in Dividend Payment Date
December 27 2017 - 5:26PM
Lamar Advertising Company (Nasdaq:LAMR), a leading owner and
operator of outdoor advertising and logo sign displays, announces
that as a result of changes in the tax code due to the recent
passage of the Tax Cuts and Jobs Act of 2017, its board of
directors approved changing the payment date of its fourth-quarter
dividend on its Class A common stock and Class B common stock to
January 2, 2018. The dividend was previously scheduled to be
paid on December 29, 2017. Management and the board
determined that, as a result of such changes to the tax code, it
was prudent to delay payment of the dividend until calendar year
2018.
The record date of December 18, 2017 is unchanged. The dividend
remains $0.83 per share on the Class A common stock and Class B
common stock.
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. 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. We undertake no obligation to update the
information contained in this press release to reflect subsequently
occurring events or circumstances.
About Lamar Advertising Company
Founded in 1902, Lamar Advertising Company is
one of the largest outdoor advertising companies in North America,
with more than 340,000 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 2,700 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)
Historical Stock Chart
From Mar 2024 to Apr 2024
Lamar Advertising (NASDAQ:LAMR)
Historical Stock Chart
From Apr 2023 to Apr 2024