Lamar Advertising Extends Buyback Programs, Declares Quarterly Dividend
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Lamar Advertising ( (LAMR) ) has provided an update.
On February 26, 2026, Lamar Advertising announced its board had declared a quarterly cash dividend of $1.60 per share, payable on March 31, 2026, to shareholders of record as of March 16. The move underscored the company’s ongoing capital return strategy and signaled continued confidence in cash generation.
On the same date, the board extended Lamar’s stock and debt repurchase programs, each authorizing up to $250 million of buybacks, through September 30, 2027. With $250 million still available under the enlarged $400 million stock plan and no debt repurchases yet executed, the extension increases flexibility for balance sheet management and potential shareholder value enhancement.
The most recent analyst rating on (LAMR) stock is a Hold with a $140.00 price target. To see the full list of analyst forecasts on Lamar Advertising stock, see the LAMR Stock Forecast page.
Spark’s Take on LAMR Stock
According to Spark, TipRanks’ AI Analyst, LAMR is a Outperform.
The score reflects strong cash generation and a constructive outlook from guidance (AFFO growth and record margin expectations), supported by positive price trend signals. Offsetting factors are the leveraged balance sheet and a valuation that is less compelling given the elevated P/E, despite an attractive dividend yield.
To see Spark’s full report on LAMR stock, click here.
More about Lamar Advertising
Lamar Advertising Company, founded in 1902 and listed on Nasdaq as LAMR, is one of the largest outdoor advertising providers in North America. The Baton Rouge-based company operates more than 360,000 displays across the U.S. and Canada, offering billboard, interstate logo, transit and airport formats, including a network of over 5,500 digital billboards.
Average Trading Volume: 497,024
Technical Sentiment Signal: Buy
Current Market Cap: $13.58B
For a thorough assessment of LAMR stock, go to TipRanks’ Stock Analysis page.
