Lamar Advertising Company Announces Cash Dividend on Common Stock
09 December 2016 - 8:00AM
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 $0.76 per share payable on December 30, 2016 to stockholders of
record of Lamar’s Class A common stock and Class B common
stock on December 19, 2016. Subject to the approval of its board of
directors, Lamar expects to make regular quarterly distributions to
stockholders in 2017 in an aggregate annual amount of $3.32 per
share, a 10% increase over the aggregate distributions paid or to
be paid in 2016 of $3.02.
Forward-Looking StatementsThis press release
contains “forward-looking statements” concerning Lamar Advertising
Company’s goals, beliefs, expectations, strategies, objectives,
plans, future operating results and underlying assumptions and
other statements that are not necessarily based on historical
facts. These statements include, but are not limited to, statements
regarding anticipated 2017 distributions. Actual results may differ
materially from those indicated in our forward-looking statements
as a result of various factors, including those factors set forth
in Item 1A of our Annual Report on Form 10-K for the year ended
December 31, 2015, as supplemented by any risk factors contained in
our Quarterly Reports on Form 10-Q. We undertake no obligation to
update the information contained in this press release to reflect
subsequently occurring events or circumstances.
About Lamar Advertising
CompanyFounded in 1902, Lamar Advertising Company is one
of the largest outdoor advertising companies in North America, with
more than 325,000 displays across the United States, Canada and
Puerto Rico. Lamar offers advertisers a variety of billboard,
interstate logo and transit advertising formats, helping both local
businesses and national brands reach broad audiences every day. In
addition to its more traditional out-of-home inventory, Lamar is
proud to offer its customers the largest network of digital
billboards in the United States with over 2,500 displays. Please
feel free to explore our website www.lamar.com or contact us
for additional information.
Company Contact:
Buster Kantrow
Director of Investor Relations
(225) 926-1000
bkantrow@lamar.com
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