Lamar Advertising Company (NASDAQ:LAMR) Raises Dividend to $1.60 Per Share

Lamar Advertising Company (NASDAQ:LAMR) announced a quarterly dividend on Thursday, February 26th. Shareholders of record on Monday, March 16th will be given a dividend of 1.60 per share by the real estate investment trust on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Monday, March 16th. This is a 3.2% increase from Lamar Advertising’s previous quarterly dividend of $1.55.

Lamar Advertising has increased its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 5 years. Lamar Advertising has a payout ratio of 113.8% indicating that 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 $8.43 per share next year, which means the company should continue to be able to cover its $6.20 annual dividend with an expected future payout ratio of 73.5%.

Lamar Advertising Stock Up 1.3%

Shares of Lamar Advertising stock traded up $1.80 during trading on Friday, hitting $137.51. 160,170 shares of the stock traded hands, compared to its average volume of 504,529. The firm has a market cap of $13.93 billion, a P/E ratio of 23.74 and a beta of 1.23. Lamar Advertising has a 52-week low of $99.84 and a 52-week high of $138.70. The company has a current ratio of 0.58, a quick ratio of 0.59 and a debt-to-equity ratio of 3.10. The stock’s fifty day simple moving average is $129.77 and its 200 day simple moving average is $126.54.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings results on Friday, February 20th. The real estate investment trust reported $1.50 EPS for the quarter, missing the consensus estimate of $2.18 by ($0.68). Lamar Advertising had a net margin of 25.91% and a return on equity of 58.58%. The firm had revenue of $595.93 million for the quarter, compared to analysts’ expectations of $592.70 million. Lamar Advertising has set its FY 2026 guidance at 5.720-5.830 EPS. On average, equities analysts predict that Lamar Advertising will post 7.92 earnings per share for the current fiscal 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.