Lamar Advertising Company (NASDAQ:LAMR) Declares Quarterly Dividend of $1.65

Lamar Advertising Company (NASDAQ:LAMR) announced a quarterly dividend on Tuesday, September 1st. Stockholders 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 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 payment by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 5 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. Research 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 Performance

LAMR stock traded down $0.30 on Wednesday, hitting $150.78. The company’s stock had a trading volume of 34,532 shares, compared to its average volume of 595,893. The firm has a 50 day moving average of $156.70 and a two-hundred day moving average of $145.59. Lamar Advertising has a 1 year low of $114.45 and a 1 year high of $166.33. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 3.29. The stock has a market cap of $15.31 billion, a price-to-earnings ratio of 27.50 and a beta of 1.17.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on Lamar Advertising from $153.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. TD Cowen boosted their price target on Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Wells Fargo & Company upped their price objective on shares of Lamar Advertising from $150.00 to $151.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Lamar Advertising in a report on Wednesday, August 19th. Finally, Citigroup lowered shares of Lamar Advertising from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $145.00 to $160.00 in a research report on Friday, July 10th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $160.17.

About Lamar Advertising

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.