Lamar Advertising Declares $1.60 Quarterly Dividend, Projects $6.40 Annual Payout

Lamar Advertising Company (NASDAQ: LAMR), a leading owner and operator of outdoor advertising and logo sign displays, declared a $1.60 per share quarterly cash dividend payable to holders of its Class A and Class B common stock. The dividend will be paid on March 31, 2026. Read more dividend announcements.

The board approved the dividend on February 26, 2026. Shareholders of record as of March 16, 2026 will be entitled to the payment.

The Baton Rouge-based company announced it expects aggregate quarterly distributions in 2026, including the March payment, to total at least $6.40 per common share. That projection is subject to board approval of future dividends.

Share Buyback Programs Extended

The board also authorized extensions of two existing repurchase programs through September 30, 2027. The programs had been set to expire on March 31, 2026.

The stock repurchase program has $250 million remaining available for buybacks of Class A common stock. The company previously repurchased $150 million under the program and increased its overall size to $400 million.

A separate debt repurchase program authorizes Lamar Media Corp., the company's wholly owned subsidiary, to buy back up to $250 million of senior notes and other debt. No repurchases have been made under the debt program to date.

Management will determine the timing and amount of any repurchases based on market conditions. The company may conduct buybacks through open market purchases or privately negotiated transactions.