BATON ROUGE, La., Aug. 27, 2024 (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 $1.40 per share payable on September 30, 2024 to stockholders of record of Lamar’s Class A common stock and Class B common stock on September 18, 2024. Subject to the approval of its board of directors, Lamar expects aggregate quarterly distributions to stockholders in 2024, including the dividend payable on September 30, 2024, will be at least $5.40 per common share.

SignValue Take: The $1.40 per share is an increase 7.7% over the prior quarter.  See the schedule below of the previous four quarters.

Along with the increase in dividend, we also will mention that the stock price is up 15% year to date.

Makes sense to move the dividend up to keep pace with the market value of the stock price.  Well done.

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