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Data last updated: Sep 06, 2026
Snapshot (as of Sep 06, 2026): Lamar Advertising Company (LAMR) pays a $6.55 annual dividend ($1.65 quarterly), yielding 4.34% at $150.76/share. Next ex-dividend date 2026-09-21. 5 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.34%
Annual Dividend: $6.55 per share
Payout Ratio: 119.7%
Ex-Dividend Date: 2026-09-21
Dividend Frequency: quarterly
Sector: Real Estate
Years of Dividend History: 13
Lamar Advertising Company dividend income comes from one of North America's largest outdoor advertising operators, running over 352,000 displays including billboards, transit placements, and the country's largest digital billboard network. The current yield stands at 4.34%, paid quarterly at $1.65 per share, with the next ex-dividend date on September 21, 2026. The trailing annual dividend rate is $6.55 per share. LAMR stock, classified as a specialty REIT, carries a beta of 1.199, making it a fit for income-focused investors who can tolerate moderate price swings.
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 broad advertiser base spanning local businesses and national brands across 352,000 displays supports ongoing revenue generation. Lamar Advertising Company dividend safety faces pressure from that above-100% payout ratio, which leaves no earnings buffer and means the dividend depends on cash flow holding steady rather than reported net income.
Lamar Advertising Company dividend history shows a CAGR of 8.9% per year from 2015 to 2025. The per-share annual dividend grew from $2.75 in 2015 to $6.45 in 2025 (2026 is a partial year and excluded from the growth calculation). The largest annual increase in the window was 25.0% in 2022, while growth in other years was more measured, reflecting the uneven pace of increases across the decade.
| 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 earnings-based payout safety. The yield of 4.34% is classified as high (above 4%), and it sits well above the 5-year average yield of 3.46%, meaning buyers today are locking in a historically elevated income rate. The 8.9% annual dividend growth over the past decade is a genuine positive, but the 119.7% payout ratio is the central trade-off: income is real and has grown, but the margin for error is thin. Lamar Advertising Company suits investors who understand REIT payout mechanics and are comfortable with a dividend that depends on cash generation from its outdoor advertising portfolio rather than a cushioned earnings surplus.
| 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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