OOH REIT’s Declare Dividends

Of the publicly traded OOH companies, both Lamar Advertising and OUTFRONT Media are REIT’s (Real Estate Investment Trusts). Along with their recent release of earnings, both declared a quarterly dividend with payments coming at the end of March.

Curious about their dividend history?  Here is a 10 year charting for each of the companies:

 

 

Some additional dividend information per MarketBeat:

  • Lamar currently pays an annual dividend of $6.20 per share, with a dividend yield of 4.94%. Lamar currently pays out 175.64% of its earnings and 75.03% of its cash flow as dividends.
  • OUTFRONT currently pays an annual dividend of $0.92 per share, with a dividend yield of 5.02%.  OUTFRONT currently pays out 65.71% of its earnings as dividends.  OUTFRONT will be paying a special one time dividend later this year relating to the sale of the Canadian business.

As REIT’s, both companies are required each year to pay 90% of their earnings as dividends.

 

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