Lamar Advertising Company (NASDAQ:LAMR) to Issue Dividend Increase – $1.60 Per Share

Lamar Advertising Company (NASDAQ:LAMR) declared a quarterly dividend on Thursday, February 26th. Shareholders of record on Monday, March 16th will be paid a dividend of 1.60 per share by the real estate investment trust on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Monday, March 16th. This is a 3.2% increase from Lamar Advertising’s previous quarterly dividend of $1.55.

Lamar Advertising has raised its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 5 years. Lamar Advertising has a dividend payout ratio of 113.8% meaning 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 $8.43 per share next year, which means the company should continue to be able to cover its $6.20 annual dividend with an expected future payout ratio of 73.5%.

Lamar Advertising Stock Performance

Shares of NASDAQ:LAMR traded up $1.80 during midday trading on Friday, hitting $137.51. The stock had a trading volume of 160,170 shares, compared to its average volume of 504,529. The company has a current ratio of 0.58, a quick ratio of 0.59 and a debt-to-equity ratio of 3.10. The company has a market capitalization of $13.93 billion, a PE ratio of 23.74 and a beta of 1.23. Lamar Advertising has a 1 year low of $99.84 and a 1 year high of $138.70. The stock has a 50 day moving average price of $129.77 and a two-hundred day moving average price of $126.54.

Lamar Advertising (NASDAQ:LAMR) last posted its earnings results on Friday, February 20th. The real estate investment trust reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.68). The firm had revenue of $595.93 million for the quarter, compared to analysts’ expectations of $592.70 million. Lamar Advertising had a return on equity of 58.58% and a net margin of 25.91%.Lamar Advertising has set its FY 2026 guidance at 5.720-5.830 EPS. As a group, equities analysts predict that Lamar Advertising will post 7.92 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. UBS Group set a $150.00 price objective on shares of Lamar Advertising in a research note on Monday. Morgan Stanley set a $140.00 price target on shares of Lamar Advertising in a research report on Tuesday, December 16th. Weiss Ratings upgraded shares of Lamar Advertising from a “hold (c+)” rating to a “buy (b)” rating in a research report on Monday. Wells Fargo & Company increased their target price on Lamar Advertising from $121.00 to $136.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. lifted their price target on Lamar Advertising from $122.00 to $128.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.80.

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.