Lamar Announces Dividend Payout & Increase in Stock Repurchase Program

Lamar Advertising LAMR recently announced that its board of directors has declared a quarterly cash dividend of $1.55 per share. The dividend will be paid out on June 30, to its shareholders of record of Lamar’s Class A common stock and Class B common stock as of June 19, 2025.Including this recent dividend, the company expects that its quarterly distributions to stockholders in 2025 will aggregate to at least $6.20 per common share.Solid dividend payouts remain the biggest attractions for real estate investment trust (REIT) investors and Lamar has remained committed to that. In the last five years, the company has increased its dividend nine times. Its five-year annualized dividend growth rate is 24.17%, which is encouraging. Check out Lamar Advertising dividend history here.LAMR’s Increase in Stock Repurchase AuthorizationLamar has completed $150 million in stock repurchases under its current stock repurchase program. It had $100 million remaining to be repurchased under the program.Along with the dividend payout, the company announced that its board of directors has approved an increase of $150 million to the stock repurchase program, bringing the total amount available to be repurchased to $250 million.Over the past three months, shares of this Zacks Rank #4 (Sell) company have lost 7.2% in contrast to the industry's breakeven of 0.0%.Image Source: Zacks Investment ResearchStocks to ConsiderSome better-ranked stocks from the broader REIT sector are CareTrust REIT CTRE and W.P. Carey WPC, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The Zacks Consensus Estimate for CTRE’s 2025 FFO per share is pegged at $1.78, which indicates year-over-year growth of 18.7%.The Zacks Consensus Estimate for WPC’s full-year FFO per share is pinned at $4.88, which calls for an increase of 3.8% from the year-ago period.Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lamar Advertising Company (LAMR): Free Stock Analysis Report W.P. Carey Inc. (WPC): Free Stock Analysis Report CareTrust REIT, Inc. (CTRE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks