Lamar Advertising (LAMR) Stock

BATON ROUGE, La., Dec. 06, 2024 (GLOBE NEWSWIRE) -- Lamar Advertising Company (Nasdaq: LAMR), a major player in outdoor advertising and logo sign displays, has announced that its board of directors will pay a quarterly cash dividend of $1.40 per share and a special cash dividend of $0.25 per share. These dividends will be paid on December 30, 2024, to shareholders of Lamar's Class A and Class B common stock who are on record as of December 18, 2024.

LAMR's results for the third quarter of 2024 show strong performance in local and programmatic sales, but higher expenses had a negative impact.

Lamar Advertising (LAMR) reported quarterly funds from operations (FFO) of $2.15 per share, which is below the Zacks Consensus Estimate of $2.21 per share. This is an increase from the FFO of $2.04 per share from the same period last year.

In the third quarter, Lamar Advertising Company reported net revenues of $564.1 million and a net income of $147.8 million, with an adjusted EBITDA of $271.2 million. For the nine-month period, the company achieved net revenues of $1.63 billion, a net income of $363.9 million, and an adjusted EBITDA of $754.6 million. This announcement was made on November 8, 2024, in Baton Rouge, Louisiana.

Lamar Advertising Company (NASDAQ:LAMR) will hold its Q3 2024 Earnings Conference Call on November 8, 2024, at 9:00 AM ET. The call will feature company leaders Sean Reilly, the CEO and President, and Jay Johnson, the EVP, CFO, and Treasurer. Participants from various financial institutions, including Morgan Stanley and Citi, will also be joining the call.

Lamar Advertising Company (Nasdaq: LAMR) will publish its earnings report for the third quarter, which ended on September 30, 2024, before the market opens on Friday, November 8, 2024. The company will also hold a conference call on the same day at 8:00 a.m. (Central time) to go over the results and respond to questions about its operations.

Lamar Advertising's varied range of tenants, strategic purchases, and improvements to their portfolio are important factors for their growth.

Over the past five years, LAMR has increased its dividend eight times. The annual growth rate of its dividend over this period is 16.50%.

BATON ROUGE, La., Aug. 27, 2024 (GLOBE NEWSWIRE) -- Lamar Advertising Company (Nasdaq: LAMR), a major player in outdoor advertising and logo sign displays, has announced a quarterly cash dividend of $1.40 per share. This dividend will be paid on September 30, 2024, to shareholders of Lamar's Class A and Class B common stock who are on record as of September 18, 2024. If approved by the board, Lamar anticipates total quarterly payments to shareholders in 2024, including the upcoming dividend, to be at least $5.40 per common share.