Lamar Advertising (NASDAQ:LAMR) announced a quarterly dividend on Thursday, February 22nd, RTT News reports. Shareholders of record on Monday, March 19th will be given a dividend of 0.91 per share by the real estate investment trust on Thursday, March 29th. This represents a $3.64 annualized dividend and a yield of 5.26%. This is a boost from Lamar Advertising’s previous quarterly dividend of $0.83.
Lamar Advertising has decreased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Lamar Advertising has a dividend payout ratio of 68.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Lamar Advertising to earn $5.14 per share next year, which means the company should continue to be able to cover its $3.32 annual dividend with an expected future payout ratio of 64.6%.
Shares of Lamar Advertising (NASDAQ LAMR) opened at $69.19 on Friday. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market capitalization of $6,682.48, a PE ratio of 21.97, a price-to-earnings-growth ratio of 4.40 and a beta of 1.02. Lamar Advertising has a one year low of $62.45 and a one year high of $79.17.
In other news, Director Stephen P. Mumblow sold 4,000 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $78.33, for a total value of $313,320.00. Following the sale, the director now owns 11,031 shares in the company, valued at $864,058.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 14.70% of the stock is owned by corporate insiders.
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About Lamar Advertising
Lamar Advertising Company is an outdoor advertising company in the United States. The Company operates in the advertising segment. The Company sells advertising on billboards, buses, shelters, benches and logo plates. It operates three types of outdoor advertising displays: billboards, logo signs and transit advertising displays.
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