LAMR Stock Recent News

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Healthy operating performance, strength in local sales and strategic acquisitions have hiked Lamar's (LAMR) shares by 11.7% year to date.

BATON ROUGE, La., May 16, 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 $1.30 per share payable on June 28, 2024 to stockholders of record of Lamar's Class A common stock and Class B common stock on June 17, 2024. Subject to the approval of its board of directors, Lamar expects aggregate quarterly distributions to stockholders in 2024, including the dividend payable on June 28, 2024, will be at least $5.20 per common share.

Lamar Advertising (LAMR) holds a significant market share in the U.S. outdoor advertising business. Its diversified tenant base, opportunistic acquisitions and portfolio upgrade efforts are key growth drivers.

Lamar (LAMR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Lamar's (LAMR) first-quarter 2024 results reflect strong local sales and year-over-year top-line growth. However, the company experiences a surge in interest expenses.

Lamar Advertising (LAMR) came out with quarterly funds from operations (FFO) of $1.54 per share, beating the Zacks Consensus Estimate of $1.52 per share. This compares to FFO of $1.41 per share a year ago.

BATON ROUGE, La., April 09, 2024 (GLOBE NEWSWIRE) -- Lamar Advertising Company (Nasdaq: LAMR) will release its first quarter ended March 31, 2024 earnings report before the market opens on Thursday, May 2, 2024. Lamar will host a conference call on Thursday, May 2, 2024 at 8:00 a.m. (Central time) to discuss the Company's results and answer questions relating to company operations.

Lamar (LAMR) holds a significant market share in the US outdoor advertising business. Its diversified tenant base, opportunistic acquisitions and portfolio upgrade efforts are key growth drivers.