Lamar Advertising Company announced a quarterly cash dividend of $1.60 per share, scheduled for payment on March 31, 2026. The company projects aggregate quarterly distributions of at least $6.40 per share throughout 2026, reflecting its commitment to returning capital to shareholders.
In conjunction with the dividend declaration, Lamar Advertising extended both its stock and debt repurchase programs through September 30, 2027. The company has $250 million remaining under its stock repurchase authorization and $250 million newly authorized for debt repurchase activities under the extended programs.
These actions underscore the company's capital allocation strategy, balancing shareholder distributions through dividends with potential share and debt buybacks. The extended repurchase programs provide management with flexibility to optimize the company's capital structure over the coming year.