Lamar Advertising Declares $1.55 Dividend, Boosts Stock Buyback Program

Lamar Advertising (LAMR) recently announced its board of directors approved a quarterly cash dividend of $1.55 per share. This dividend will be distributed on June 30, 2025, to shareholders of record for Lamar’s Class A and Class B common stock as of June 19, 2025.

With this latest dividend, the company projects total quarterly distributions to stockholders will reach a minimum of $6.20 per common share for 2025.

Commitment to Strong Dividend Payouts

Ongoing solid dividend payouts continue to attract real estate investment trust (REIT) investors, and Lamar has demonstrated a strong commitment to this approach. Over the past five years, the company has increased its dividend nine times, achieving an impressive five-year annualized dividend growth rate of 24.17%.

Increased Stock Repurchase Authorization

Lamar has completed $150 million in stock repurchases under its existing program, with $100 million remaining for further repurchases. In conjunction with the dividend announcement, the board approved an additional $150 million to the stock repurchase program, increasing the total to $250 million.

However, shares of this Zacks Rank #4 (Sell) company have decreased by 7.2% over the last three months, contrasting with the industry’s breakeven of 0.0%.

Image Source: Zacks Investment Research

Stocks to Watch in the REIT Sector

In the broader REIT sector, strong contenders include CareTrust REIT (CTRE) and W.P. Carey (WPC), both currently holding a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for CTRE’s 2025 funds from operations (FFO) per share is $1.78, indicating a year-over-year growth rate of 18.7%.

For WPC, the full-year FFO per share estimate stands at $4.88, reflecting a projected increase of 3.8% from the previous year. Note that all earnings figures discussed here represent funds from operations (FFO), a widely accepted metric for assessing REIT performance.