Lamar Advertising Company announced on December 6, 2024, that its board of directors declared a quarterly cash dividend of $1.40 per share. This regular dividend is payable on December 30, 2024, to stockholders of record as of December 18, 2024.
In addition to the regular payout, the board also declared a special cash dividend of $0.25 per share. This special dividend will also be paid on December 30, 2024, to stockholders of record on December 18, 2024.
The declaration of a special dividend indicates a strong financial position and a commitment to returning additional capital to shareholders. This move provides an enhanced return for investors beyond the standard quarterly distribution.
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