Lamar Announces Cash Dividend of $0.50 Per Share

Lamar Advertising  will pay a cash dividend of $0.50/share on September 30, 2020.  The dividend equates to a 2.96% yield on the stock down from the 4-6% dividend yield Lamar was paying prior to Covid.  Lamar cut the dividend during Covid to conserve cash.  Lamar’s dividend is running at 50% of pre-Covid levels but at least it’s paying one.  OUTFRONT suspended dividends in June.  Clear Channel Outdoor hasn’t paid dividends since January 2018.  See chart below.

 

Lamar Advertising and OUTFRONT Media Stock Dividends Per Share

 

Lamar finished the day up 1.3%.  OUTFRONT was up 0.6%  Clear Channel Outdoor was up 2.5%.  The S&P 500 was up 0.6%.


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