BATON ROUGE, La., Dec. 09, 2021 (GLOBE NEWSWIRE) — 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 $1.00 per share and a special cash dividend of $0.50 per share, both payable on December 30, 2021, to stockholders of record of Lamar’s Class A common stock and Class B common stock on December 20, 2021.

About Lamar Advertising Company

Founded in 1902, Lamar Advertising Company is one of the largest outdoor advertising companies in North America, with over 352,000 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 approximately 3,800 displays.

Insiders’ take: The $1.00 quarterly dividend was expected, but Lamar has been on a roll coming through the pandemic and the extra special dividend of $0.50 was well timed for investors. The $4.00 per share annual dividend provides a 3.49% forward yield based on yesterdays per share price of $114.44.  A year ago, Lamar was trading at $87.10, so an annual growth rate of 31%.

Lamar finished the day down 1.1%, S&P 500 down 0.7%, OUTFRONT down 2.3%, Clear Channel Outdoor down 3.7%.

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