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% […]
The Four A’s interviewed Ian Dallimore, Lamar’s VP of Digital Growth. If you have any doubts that Ian is a man of many parts look at the books he’s reading: Elon Musk by Ashlee Vance, Scott Galloway’s The Four: The Hidden DNA of Amazon, Apple, Facebook and Google and […]
By Richard Rothfelder, Rothfelder & Falick, LLP On August 25, 2020, the United States Court of Appeals for the Fifth Circuit rendered its unanimous opinion in Reagan National and Lamar Outdoor vs City of Austin, holding that Austin’s prohibition on the digitization of off-premise signs, while allowing it for on-premises, […]
BATON ROUGE, La., Aug. 17, 2020 (GLOBE NEWSWIRE) — Lamar Advertising Company (LAMR) announced today that it is seeking to raise approximately $150.0 million through an institutional private placement of additional 4% Senior Notes due 2030 (the “Notes”) by its wholly owned subsidiary, Lamar Media Corp (“Lamar Media”). The Notes […]
Never give your landlord the right to buy a billboard at replacement cost. That’s the lesson of Buffalo Ridge Corp v Lamar Advertising. Here are the facts. In 2001 Flynn Advertising contracted with Buffalo Ridge Corporation to lease real property along I-90 near Sioux Falls to construct some billboards. The […]
Baton Rouge, LA – July 13, 2020 – Lamar Advertising Company (Nasdaq: LAMR), one of the largest outdoor advertising companies in the world, has successfully negotiated to be the exclusive out of home advertising provider on the site of the brand new Allegiant Stadium, home of the NFL’s Las Vegas Raiders. Lamar […]
Many landlords ask for the right to terminate a billboard lease in the event that it interferes with the sale or development of a property. There are perils in broad development clauses That’s the lesson of Lamar vs By-Pass Partners. Here are the facts. In the late 1980’s Outdoor Communications, […]
NNY360 reports that parents have raised $2,245 to run billboards commemorating local high school grads.This quote by newspaper photographer Christopher Lenney who is also the parent of a high school graduate says it all. “I was like, ‘Man these kids have grown up under the influence of Lamar Outdoor Advertising […]
Baton Rouge, LA – May 11, 2020 – Lamar Advertising Company is proud to support #ForBlake, the movement that encourages people to perform good deeds in memory of Blake Davis, a young boy who lost his battle to pulmonary hypertension just shy of the age of three in 2019. Blake’s […]
Earnings calls are all too often can’t-say-don’t-know-won’t-tell. Not so with Lamar. CEO Sean Reilly was direct, factual and upbeat on yesterday’s call. Read his comments and you’ll understand why Lamar stock went up 18% yesterday. Sean Reilly on the now versus 2008-2009 I was the chief operating officer of the […]
