Lamar Advertising Company announced yesterday that its board of directors has declared a quarterly cash dividend of $0.75 per share payable on June 30, 2021 to stockholders of record of Lamar’s Class A common stock and Class B common stock on June 21, 2021.

Insider’s Take:  Lamar maintains its increase from the last quarter and is continuing to prove that they are moving past the coronavirus slump.

Here is a schedule of quarterly shares since the lockdown began

March 2020           $1.00 per share

June 2020              $0.50 per share

September 2020    None

December 2020     $0.50 per share

March 2021             $0.75 per share

June 2021                $0.75 per share

Lamar said last quarter that they expected aggregate quarterly distributions to stockholders, in 2021, will total $3.00 per common share and they are well on their way.

Insider expects Lamar’s dividend to return to $1.00 which equates to a 4-5% dividend yield before the end of 2021.  Lamar closed the day up 1.3% just above the increase for the S&P 500. The stock is trading at $102.42 an increase of 50% from a year before.

OUTFRONT Media suspended dividends in May 2020 and has yet to resume.  Clear Channel Outdoor pays no dividend.

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