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BATON ROUGE, La. - Lamar Advertising Company (NASDAQ:LAMR), a prominent outdoor advertising firm, has declared a quarterly cash dividend of $1.55 per share, scheduled for payment on June 30, 2025, to shareholders on record as of June 16, 2025. The company, currently offering a substantial 5.36% dividend yield with impressive 19.23% dividend growth over the last twelve months, continues to reward shareholders. This announcement comes as part of the company’s latest financial developments, which include a forecast of at least $6.20 per common share in total distributions to stockholders for the year 2025. InvestingPro analysis reveals several positive indicators for the company, with 5 additional key insights available to subscribers.
In addition to the dividend, Lamar has completed a $150 million stock repurchase and disclosed a board-approved increase of $150 million to its buyback program. This expansion raises the available funds for future repurchases to $250 million under the current program. With a market capitalization of $11.98 billion and a "GOOD" Financial Health Score according to InvestingPro, the company demonstrates strong financial management capabilities.
The company, which has been operational since 1902, is one of the largest outdoor advertising companies in North America. With over 363,000 displays throughout the United States and Canada, Lamar offers a range of advertising solutions, including billboards, interstate logos, transit, and airport ads. It also boasts the largest network of digital billboards in the U.S., featuring approximately 5,100 displays. The company’s strong market position has contributed to steady revenue growth of 3.72% over the last twelve months.
Lamar’s financial moves, including the dividend increase and the augmented buyback program, reflect its ongoing commitment to shareholder returns. However, the company’s press release also contained forward-looking statements, which are based on expectations and assumptions and are subject to various risks and uncertainties. These could potentially cause actual results to differ materially from those projected.
The information disclosed is based on a press release statement from Lamar Advertising Company and has not been independently verified. It is essential for investors to consider the inherent risks and uncertainties that may affect the company’s future financial performance.
In other recent news, Lamar Advertising Company reported its first-quarter 2025 earnings, exceeding analysts’ expectations with an earnings per share (EPS) of $1.35, compared to the projected $1.31. However, the company’s revenue for the quarter was $505.43 million, slightly below the anticipated $509.2 million. Lamar maintained its full-year guidance for Adjusted Funds from Operations (AFFO), projecting between $8.13 to $8.28 per share. The company completed 10 mergers and acquisitions deals worth $22 million, reflecting its strategic focus on expansion. Analysts from firms such as Morgan Stanley and Citi inquired about the company’s ability to navigate economic uncertainties, to which management expressed confidence in their stability and highlighted the growth in programmatic advertising. Lamar’s digital billboard revenue rose by 4%, now constituting 30% of total billboard revenue, while programmatic revenue saw a significant increase of nearly 30%. The company also repurchased approximately 1.39 million shares at an average price of just over $108, demonstrating confidence in its market position. Despite the revenue shortfall, Lamar’s strategic acquisitions and focus on digital and programmatic advertising continue to position it for growth.
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