Lamar Advertising Declares $1.60 Dividend, Extends $250M Stock and $250M Debt Buybacks
Lamar’s board declared a $1.60 per share quarterly cash dividend payable March 31, 2026 with record date March 16 and expects aggregate 2026 distributions of at least $6.40 per share. The company extended its stock repurchase program by $250 million and authorized a separate $250 million debt buyback through September 30, 2027.
1. Dividend Declaration
Lamar’s board of directors declared a quarterly cash dividend of $1.60 per share payable on March 31, 2026 to holders of record as of March 16, 2026. The company anticipates total quarterly distributions in 2026 of at least $6.40 per common share, reinforcing its commitment to returning capital to shareholders.
2. Stock Repurchase Extension
The board authorized an extension of its existing stock repurchase program, adding capacity to repurchase up to an additional $250 million of Class A common shares through September 30, 2027. To date, Lamar has repurchased $150 million under this program and increased its total authorization to $400 million, leaving $250 million available for future buys.
3. Debt Buyback Authorization
Lamar Media Corp., a wholly owned subsidiary, received approval to repurchase up to $250 million of its outstanding senior notes and other indebtedness under its credit agreement through September 30, 2027. No debt repurchases have been executed to date, and management will determine timing and amounts based on market conditions and strategic objectives.