Lamar Advertising Company Announces Cash Dividend on Common Stock
September 01 2020 - 4:58PM
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 $0.50 per share payable on September 30, 2020, to stockholders
of record of Lamar’s Class A common stock and Class B common stock
on September 21, 2020.
Lamar plans to evaluate its fourth-quarter dividend plans at a
later date, but intends to honor its obligation as a REIT to pay
out at least 90% of its 2020 full-year taxable income.
Lamar previously paid a cash dividend of $1.00 per share on
March 31, 2020 and a cash dividend of $0.50 per share on June 30,
2020.
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, 2019, 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 Company is one
of the largest outdoor advertising companies in North America, with
approximately 385,000 displays across the United States and Canada.
Lamar offers advertisers a variety of billboard, interstate logo,
transit and airport 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 3,600 displays.
Company Contact:
Buster KantrowDirector of Investor
RelationsLamar Advertising Company(225)
926-1000bkantrow@lamar.com
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