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Data last updated: Oct 19, 2026
Snapshot (as of Oct 19, 2026): Lamar Advertising Company (LAMR) pays a $6.30 annual dividend ($1.65 quarterly), yielding 4.40% at $150.10/share. Next ex-dividend date 2026-09-21. 5 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.40%
Annual Dividend: $6.30 per share
Payout Ratio: 115.0%
Ex-Dividend Date: 2026-09-21
Dividend Frequency: quarterly
Sector: Real Estate
Years of Dividend History: 13
Lamar Advertising Company dividend investors are looking at a business built on over 352,000 outdoor displays across the United States and Canada, including the country's largest digital billboard network. The current yield stands at 4.53%, with a trailing annual dividend rate of $6.65 per share paid quarterly. The next ex-dividend date is September 21, 2026. LAMR's beta of 1.199 means the stock moves slightly more than the broader market, which income investors focused on price stability should factor in.
Lamar Advertising Company pays out 119.7% of earnings as dividends, a payout ratio classified as high (above 75%). As a REIT, LAMR is structured to distribute the majority of its income, and its portfolio of over 352,000 displays serving both local businesses and national brands provides broad demand across its advertising formats. Lamar Advertising Company dividend safety faces pressure from that payout ratio exceeding 100%, which leaves no earnings buffer and means the dividend depends on cash generation beyond reported net income.
Over the past 10 years, Lamar Advertising Company has grown its dividend at 8.9% per year. Per-share payments rose from $2.75 in 2015 to $6.45 in 2025 (2026 is a partial year and excluded from this calculation). The largest annual increase in the window was 25.0% in 2022, while growth has been more measured in other years, with a 5.2% increase from 2023 to 2024 representing a slower pace. Lamar Advertising Company dividend history shows that the 8.9% CAGR is real but not uniform year to year.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +8.9% | $5.00 (2022) | $6.45 (2025) |
| 5-Year | +20.9% | $2.50 (2020) | $6.45 (2025) |
| 10-Year | +8.9% | $2.75 (2015) | $6.45 (2025) |
LAMR stock fits dividend investors who prioritize current income over price stability. The yield of 4.53% is classified as high (above 4%) and sits well above the 5-year average yield of 3.56%, meaning buyers today are locking in a historically elevated income rate from this outdoor advertising REIT. The five consecutive years of dividend increases and an 8.9% 10-year CAGR show genuine growth commitment. The trade-off is a payout ratio of 119.7%, which is stretched by any measure and means the dividend has limited room to absorb an earnings shortfall. Lamar Advertising Company suits income-focused investors who accept that trade-off.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-21 | $1.6500 |
| 2026-06-16 | $1.6000 |
| 2026-03-16 | $1.6000 |
| 2025-12-22 | $1.8000 |
| 2025-09-19 | $1.5500 |
| 2025-06-16 | $1.5500 |
| 2025-03-14 | $1.5500 |
| 2024-12-18 | $1.6500 |
| 2024-09-18 | $1.4000 |
| 2024-06-17 | $1.3000 |
| Year | Total Dividends |
|---|---|
| 2026 | $4.8500 |
| 2025 | $6.4500 |
| 2024 | $5.6500 |
| 2023 | $5.0000 |
| 2022 | $5.0000 |
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