Lamar Advertising Company Announces Cash Dividend on Common Stock
December 09 2015 - 4:15PM
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 $0.69 per share payable on December 30, 2015 to stockholders of
record of Lamar's Class A common stock and Class B common stock on
December 21, 2015. Lamar expects to make regular quarterly
distributions to stockholders in 2016 in an aggregate annual amount
of $3.02 per share, a 10% increase over the aggregate distributions
paid or to be paid in 2015 of $2.75.
Forward-Looking Statements
This 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 relate
to anticipated 2016 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, 2014, 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 Company
Founded in 1902, Lamar Advertising Company is one of the largest
outdoor advertising companies in North America, with more than
318,000 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 2,200 displays.
CONTACT: Company Contact:
Buster Kantrow
Director of Investor Relations
(225) 926-1000
bkantrow@lamar.com
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