Lamar Advertising Company (LAMR) To Go Ex-Dividend on September 21st

Lamar Advertising Company (NASDAQ:LAMR) declared a quarterly dividend on Tuesday, September 1st. Shareholders of record on Monday, September 21st will be given a dividend of 1.65 per share by the real estate investment trust on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date 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 by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 5 years. Lamar Advertising has a dividend payout ratio of 121.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 $6.60 annual dividend with an expected future payout ratio of 73.1%.

Lamar Advertising Stock Performance

Shares of LAMR opened at $146.81 on Friday. Lamar Advertising has a twelve month low of $114.45 and a twelve month high of $166.33. The stock has a market cap of $14.91 billion, a PE ratio of 26.79 and a beta of 1.17. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.29. The business’s 50-day moving average price is $154.60 and its 200-day moving average price is $146.93.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $1.58 earnings per share for the quarter, hitting the consensus estimate of $1.58. The firm had revenue of $616.75 million for the quarter, compared to analysts’ expectations of $606.61 million. Lamar Advertising had a net margin of 23.90% and a return on equity of 54.94%. Lamar Advertising has set its FY 2026 guidance at 5.950-5.990 EPS. On average, equities analysts forecast that Lamar Advertising will post 8.43 EPS for the current fiscal year.

Insider Transactions at Lamar Advertising

In other Lamar Advertising news, Director Thomas Reifenheiser sold 8,099 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $149.03, for a total transaction of $1,206,993.97. Following the completion of the sale, the director directly owned 36,387 shares in the company, valued at approximately $5,422,754.61. This trade represents a 18.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.24% of the stock is currently owned by insiders.

Institutional Trading of Lamar Advertising

A number of institutional investors have recently made changes to their positions in LAMR. Sequoia Financial Advisors LLC grew its holdings in Lamar Advertising by 22.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,950 shares of the real estate investment trust’s stock valued at $304,000 after buying an additional 361 shares in the last quarter. Tidal Investments LLC grew its stake in Lamar Advertising by 83.7% during the second quarter. Tidal Investments LLC now owns 17,536 shares of the real estate investment trust’s stock valued at $2,735,000 after acquiring an additional 7,992 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in Lamar Advertising by 222.5% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 17,780 shares of the real estate investment trust’s stock valued at $2,773,000 after acquiring an additional 12,267 shares during the last quarter. RFG Advisory LLC purchased a new stake in Lamar Advertising in the 2nd quarter worth $641,000. Finally, NewEdge Advisors LLC boosted its holdings in shares of Lamar Advertising by 1.9% during the 2nd quarter. NewEdge Advisors LLC now owns 47,449 shares of the real estate investment trust’s stock valued at $7,401,000 after purchasing an additional 886 shares during the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

About Lamar Advertising

Lamar Advertising Company is an outdoor advertising company that provides businesses and organizations with advertising displays across the United States. Its offerings include traditional and digital billboards, as well as advertising displays on buses, benches, shelters and other transit-related assets.

The company also provides advertising opportunities at airports and other specialty locations. Its digital display network enables advertisers to deliver changing messages and campaigns, while its traditional billboard inventory supports longer-term brand awareness and local advertising initiatives.

Founded in 1902, Lamar Advertising has grown from a regional sign and billboard business into one of North America’s major out-of-home advertising providers.