This new dividend rate translates to an annual payout of $6.60 per share. Based on Tuesday’s closing price of $151.08, the stock now offers an annual yield of approximately 4.4%. Investors on record as of September 21 will be eligible for the distribution, which is scheduled for payment on September 30.
Lamar Advertising Lifts Dividend Payout
Lamar Advertising is increasing its quarterly dividend by 3.1%, moving the payout to $1.65 per share from the previous $1.60. The outdoor advertising firm confirmed the adjustment Tuesday, signaling a shift in shareholder returns as the company looks to capitalize on current market valuations.
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