Lamar Advertising Company announced on May 15, 2025, that its board of directors approved an increase to the existing stock repurchase program by $150 million. This brings the total amount remaining available for repurchase under the program to $250 million.
The company had previously completed $150 million in stock repurchases under the program, with $100 million remaining before this new authorization. This significant increase demonstrates a continued commitment to enhancing shareholder value.
The expanded repurchase authorization provides Lamar with additional flexibility to acquire its Class A common stock. Such repurchases are typically viewed as accretive to Adjusted Funds From Operations (AFFO) per share.
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