Lamar Advertising Company (LAMR) recently announced a 7.7% sequential hike in its quarterly cash dividend. The company will now pay a dividend of $1.40 per share, up from the $1.30 paid out earlier. Moreover, subject to the board of directors' nod, Lamar expects that its quarterly distributions to stockholders in 2024 will aggregate to at least $5.40. Based on the increased rate, the annualized yield comes at 4.6%, considering Lamar's closing price of $122.63 on Aug. 28. The increased dividend will be paid ...

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 stockhol ...

Shares of Lamar Advertising (LAMR) have risen 12.6% year to date against its industry's increase of 3.3%. The company currently carries a Zacks Rank #2 (Buy). Earlier this month, this real estate investment trust (REIT), headquartered in Baton Rouge, LA, reported secondquarter 2024 adjusted funds from operations (AFFO) per share of $2.08, which beat the Zacks Consensus Estimate of $2.07. The figure also compared favorably with the prior-year quarter's tally of $1.90. Results reflected year-over-year growth ...

Shares of Lamar Advertising Company (LAMR) gained more than 2% on the Aug 8 normal trading session on the Nasdaq after it reported second-quarter 2024 adjusted funds from operations (AFFO) per share of $2.08, which beat the Zacks Consensus Estimate of $2.07. The figure also compared favorably with the prior-year quarter's tally of $1.90. Results reflect year-over-year growth in the top line, which was partly offset by higher interest expenses. The company's solid revenue growth was driven by continued stron ...

Lamar Advertising Company (NASDAQ:LAMR) Q2 2024 Earnings Conference Call August 8, 2024 9:00 AM ET Company Participants Sean Reilly - Chief Executive Officer Jay Johnson - Chief Financial Officer Conference Call Participants Cameron McVeigh - Morgan Stanley Jason Bazinet - Citigroup Inc. David Karnovsky - JPMorgan Chase & Co. Lance Vitanza - TD Cowen Operator Excuse me, everyone. We now have Sean Reilly and Jay Johnson in conference. Please be aware that each of your lines is in a listen-only mode. At the c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ FORM 10-Q ________________________________________________________ x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2024 or ¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 1-36756 __________________________________ Lamar Adv ...

Lamar Advertising (LAMR) came out with quarterly funds from operations (FFO) of $2.08 per share, beating the Zacks Consensus Estimate of $2.07 per share. This compares to FFO of $1.90 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 0.48%. A quarter ago, it was expected that this outdoor and transit advertising company would post FFO of $1.52 per share when it actually produced FFO of $1.54, delivering a surprise of 1.32%. Over the ...

5321 Corporate Boulevard Baton Rouge, LA 70808 Lamar Advertising Company Announces Second Quarter Ended June 30, 2024 Operating Results Three Month Results • Net revenue was $565.3 million • Net income was $137.6 million • Adjusted EBITDA was $271.6 million Six Month Results • Net revenue was $1.06 billion • Net income was $216.1 million • Adjusted EBITDA was $483.5 million Baton Rouge, LA – August 8, 2024 - Lamar Advertising Company (the "Company" or "Lamar") (Nasdaq: LAMR), a leading owner and operator of ...

Moonstone Images/iStock Unreleased via Getty Images Introduction Lamar Advertising (NASDAQ:LAMR) is a unique REIT specializing in outdoor advertising for things like billboards and large display posters that you might see on a highway. While you might think that this is a declining industry, the company has actually demonstrated a proven track record of consistent revenue and EBITDA growth over the past several years. While the latest quarter missed analysts' expectations, I think that the company is positi ...

BATON ROUGE, La., July 08, 2024 (GLOBE NEWSWIRE) -- Lamar Advertising Company (Nasdaq: LAMR) will release its second quarter ended June 30, 2024 earnings report before the market opens on Thursday, August 8, 2024. Lamar will host a conference call on Thursday, August 8, 2024 at 8:00 a.m. (Central time) to discuss the Company's results and answer questions relating to company operations. Instructions for dialing into Lamar's conference call are provided below: | --- | --- | |---------------|---------------| ...