BATON ROUGE — Lamar Advertising Company, owner and operator of outdoor advertising and logo sign displays, announced that as a result of changes in the tax code due to the recent passage of the Tax Cuts and Jobs Act of 2017, its board of directors approved changing the payment date of its fourth-quarter dividend on its Class A common stock and Class B common stock to Jan. 2, 2018.
The dividend was previously scheduled to be paid on Dec. 29, 2017. Management and the board determined that, as a result of such changes to the tax code, it was prudent to delay payment of the dividend until calendar year 2018.
The record date of Dec. 18, 2017 is unchanged. The dividend remains $0.83 per share on the Class A common stock and Class B common stock.
Founded in 1902, Lamar Advertising Company is one of the largest outdoor advertising companies in North America, with more than 340,000 displays across the United States, Canada and Puerto Rico.