Lamar Advertising Company (NASDAQ:LAMR) Increases Dividend to $1.65 Per Share

Lamar Advertising Company (NASDAQ:LAMR) declared a quarterly dividend on Tuesday, September 1st. Investors of record on Monday, September 21st will be given a dividend of 1.65 per share by the real estate investment trust on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, September 21st. This is a 3.1% increase from Lamar Advertising’s previous quarterly dividend of $1.60.

Lamar Advertising has raised its dividend by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Lamar Advertising has a payout ratio of 117.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Lamar Advertising to earn $9.03 per share next year, which means the company should continue to be able to cover its $6.40 annual dividend with an expected future payout ratio of 70.9%.

Lamar Advertising Stock Down 0.2%

LAMR traded down $0.27 during trading on Wednesday, reaching $150.81. 21,484 shares of the stock were exchanged, compared to its average volume of 595,862. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.63 and a current ratio of 0.63. The stock’s 50 day moving average price is $156.70 and its two-hundred day moving average price is $145.59. Lamar Advertising has a twelve month low of $114.45 and a twelve month high of $166.33. The stock has a market cap of $15.31 billion, a P/E ratio of 27.47 and a beta of 1.17.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $1.58 EPS for the quarter, meeting analysts’ consensus estimates of $1.58. Lamar Advertising had a net margin of 23.90% and a return on equity of 54.94%. The firm had revenue of $616.75 million during the quarter, compared to analysts’ expectations of $606.61 million. Lamar Advertising has set its FY 2026 guidance at 5.950-5.990 EPS. Equities analysts expect that Lamar Advertising will post 8.43 EPS for the current year.

Institutional Investors Weigh In On Lamar Advertising

Hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System boosted its holdings in shares of Lamar Advertising by 16,163.1% during the second quarter. California State Teachers Retirement System now owns 15,762,403 shares of the real estate investment trust’s stock worth $2,458,620,000 after acquiring an additional 15,665,482 shares during the period. Boston Partners increased its stake in shares of Lamar Advertising by 2.0% during the third quarter. Boston Partners now owns 2,384,715 shares of the real estate investment trust’s stock worth $291,928,000 after purchasing an additional 46,361 shares during the period. Geode Capital Management LLC increased its stake in shares of Lamar Advertising by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 2,382,137 shares of the real estate investment trust’s stock worth $301,573,000 after purchasing an additional 32,542 shares during the period. Wellington Management Group LLP lifted its holdings in Lamar Advertising by 1.3% during the 2nd quarter. Wellington Management Group LLP now owns 2,125,742 shares of the real estate investment trust’s stock worth $331,573,000 after purchasing an additional 27,100 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Lamar Advertising by 23.9% in the 3rd quarter. Northern Trust Corp now owns 1,629,554 shares of the real estate investment trust’s stock valued at $199,490,000 after purchasing an additional 314,235 shares during the period. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Lamar Advertising Company Profile

Lamar Advertising Company (NASDAQ: LAMR) is one of North America’s largest outdoor advertising firms, specializing in out-of-home media solutions. Since its founding in 1902, the company has grown through a combination of organic expansion and strategic acquisitions to offer a broad portfolio of advertising products. Its core business centers on billboard advertising, encompassing traditional static billboards and a rapidly expanding network of digital displays. These assets enable advertisers to reach consumers with high-impact messaging along highways, in urban centers, and at high-traffic intersections.

In addition to highway billboards, Lamar offers a variety of supplemental out-of-home formats, including transit advertising on buses and shelters, and logo signage at travel plazas and gas stations.