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Lamar Advertising Announces Tax Reporting Information For 2024 Distributions on Common Stock

1. Lamar declared its 2024 tax reporting for Common Stock distributions. 2. Distributions include cash dividends of $1.30 to $1.65 per share. 3. Stockholders should consult tax advisors regarding tax treatment. 4. Lamar has over 360,000 advertising displays across North America. 5. Their digital billboard network totals over 4,800 displays.

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Why Bullish?

Stable cash dividends often boost investor confidence and stock value. Past dividend consistency has positively impacted LAMR's price.

How important is it?

Dividends are crucial to investor appeal, indicating company profitability and stability. This announcement directly affects investor sentiment towards LAMR.

Why Short Term?

Immediate positive sentiment due to upcoming distributions. Past trends show short-term price stability during dividend announcements.

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LAMR
January 21, 2025 06:00 ET  | Source: Lamar Advertising Company BATON ROUGE, La., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Lamar Advertising Company (“Lamar”) (Nasdaq: LAMR) today announced certain year-end federal income tax reporting information for its 2024 distributions on its Class A and Class B common stock (“Common Stock”). The following table summarizes, for federal income tax purposes, the nature of distributions paid to holders of Lamar Common Stock, presented on a per share basis, during the calendar year ended December 31, 2024. Stockholders are encouraged to consult with their tax advisors as to the specific tax treatment of Lamar’s 2024 distributions. Lamar Advertising Company Common StockTicker Symbol: LAMR    OrdinaryQualified    CashTaxableTaxableSec. 199AReturn of  DistributionDividendDividendDividendCapitalRecord DatePayable Date(per share)(per share)(per share)*(per share)*(per share)3/15/20243/28/2024$1.3000$1.3000$0.0728$1.2272$0.00006/17/20246/28/2024$1.3000$1.3000$0.0728$1.2272$0.00009/18/20249/30/2024$1.4000$1.4000$0.0784$1.3216$0.000012/18/202412/30/2024$1.6500$1.6500$0.0924$1.5576$0.0000       *Qualified taxable dividend and Sec. 199A dividend amounts included in ordinary taxable dividend amount.       About Lamar Advertising CompanyFounded in 1902, Lamar Advertising Company is one of the largest outdoor advertising companies in North America, with over 360,000 displays across the United States and Canada. Lamar offers advertisers a variety of billboard, interstate logo, transit and airport advertising formats, helping both local businesses and national brands reach broad audiences every day. In addition to its more traditional out of home inventory, Lamar is proud to offer its customers the largest network of digital billboards in the United States with over 4,800 displays. Company Contact: Buster KantrowLamar Advertising Company(225) 926-1000bkantrow@lamar.com

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