Lamar Advertising Company (NASDAQ:LAMR) to Issue Dividend Increase - $1.65 Per Share

Key Points

• Lamar Advertising raised its quarterly dividend 3.1% to $1.65 per share, payable September 30 to shareholders of record on September 21. The dividend represents an annualized payout of $6.60 and a 4.4% yield.
• The current dividend payout ratio is elevated at 117.4%, meaning earnings do not fully cover the distribution; however, analysts expect it to fall to about 70.9% based on projected next-year earnings.
• Lamar’s latest quarterly results matched expectations at $1.58 in earnings per share and exceeded revenue estimates, reporting $616.75 million in revenue versus the $606.61 million consensus.

Lamar Advertising Company (NASDAQ:LAMR - Get Free Report) announced a quarterly dividend on Tuesday, September 1st. Shareholders of record on Monday, September 21st will be paid a dividend of 1.65 per share by the real estate investment trust on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Monday, September 21st. This is a 3.1% increase from Lamar Advertising's previous quarterly dividend of $1.60.

Lamar Advertising has raised its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 5 years. Lamar Advertising has a dividend payout ratio of 117.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Lamar Advertising to earn $9.03 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 70.9%.

Lamar Advertising Price Performance

Shares of NASDAQ:LAMR traded down $0.27 during midday trading on Wednesday, reaching $150.81. 21,484 shares of the company's stock were exchanged, compared to its average volume of 595,862. The firm has a market capitalization of $15.31 billion, a PE ratio of 27.47 and a beta of 1.17. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.63 and a current ratio of 0.63. Lamar Advertising has a 12 month low of $114.45 and a 12 month high of $166.33. The company's 50 day simple moving average is $156.70 and its two-hundred day simple moving average is $145.59.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $1.58 earnings per share for the quarter, meeting the consensus estimate of $1.58. Lamar Advertising had a return on equity of 54.94% and a net margin of 23.90%.The company had revenue of $616.75 million for the quarter, compared to analyst estimates of $606.61 million. Lamar Advertising has set its FY 2026 guidance at 5.950-5.990 EPS. Equities research analysts expect that Lamar Advertising will post 8.43 earnings per share for the current fiscal year.

About Lamar Advertising

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.

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