Lamar Advertising Company (LAMR) To Go Ex-Dividend on June 16th

Lamar Advertising Company (NASDAQ:LAMR) announced a quarterly dividend on Thursday, May 14th. Stockholders of record on Tuesday, June 16th will be given a dividend of 1.60 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Tuesday, June 16th.

Lamar Advertising has raised its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Lamar Advertising has a payout ratio of 117.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Lamar Advertising to earn $8.99 per share next year, which means the company should continue to be able to cover its $6.40 annual dividend with an expected future payout ratio of 71.2%.

Lamar Advertising Stock Performance

NASDAQ:LAMR opened at $154.35 on Friday. The stock has a market cap of $15.66 billion, a P/E ratio of 28.48 and a beta of 1.20. The stock has a 50 day simple moving average of $143.09 and a 200 day simple moving average of $134.91. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.33. Lamar Advertising has a 1-year low of $113.66 and a 1-year high of $158.69.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.18. The business had revenue of $528.00 million during the quarter, compared to analysts’ expectations of $522.86 million. Lamar Advertising had a return on equity of 55.53% and a net margin of 24.01%. Research analysts anticipate that Lamar Advertising will post 8.41 earnings per share for the current year.

Lamar Advertising Company Profile

Lamar Advertising Company (NASDAQ: LAMR) is one of North America’s largest outdoor advertising firms, specializing in out-of-home media solutions. Since its founding in 1902, the company has grown through a combination of organic expansion and strategic acquisitions to offer a broad portfolio of advertising products. Its core business centers on billboard advertising, encompassing traditional static billboards and a rapidly expanding network of digital displays. These assets enable advertisers to reach consumers with high-impact messaging along highways, in urban centers, and at high-traffic intersections.

In addition to highway billboards, Lamar offers a variety of supplemental out-of-home formats, including transit advertising on buses and shelters, and logo signage at travel plazas and gas stations.