Lamar Advertising Company Announces Cash Dividend on Common Stock as Stock Continues to Gain Momentum
BATON ROUGE, La. May 16, 2024 - Lamar Advertising Company (Nasdaq: LAMR), a leading owner and operator of outdoor advertising and logo sign displays, has declared a quarterly cash dividend of $1.30 per share payable on June 28, 2024 to stockholders of record of Lamar’s Class A common stock and Class B common stock on June 17, 2024.With the stock having improved 16.94% in the past 3 months and 94.53% over the past 12 months, Lamar Advertising Company’s stock is gaining momentum and is only 1.8% shy of its 52-week high of $121.99.
The board of directors at Lamar Advertising Company has reaffirmed their commitment to providing value to their stockholders, with the expectation of aggregate quarterly distributions reaching at least $5.20 per common share in 2024.This dividend announcement comes as a testament to Lamar’s strong financial performance and strategic growth initiatives.
Investors and analysts are closely watching Lamar Advertising Company’s stock as it continues to make impressive gains in the market.With a strong dividend payout and a steadily rising stock price, Lamar Advertising Company remains a solid investment opportunity for shareholders.
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