Lamar Advertising upgraded to Outperform from Market Perform at Wells Fargo Wells Fargo upgraded Lamar Advertising citing potential upside from the company's REIT structure. The firm raised its price target range for shares to $45-$50 from $34-$36.
Lamar Advertising lowers dividend to 68c, keeps annual rate of $2.75 Lamar Advertising announces that its board has declared a quarterly cash dividend of 68c per share payable on March 31, to stockholders of record on March 17. Lamar expects aggregate quarterly distributions to stockholders in 2015 will total $2.75 per common share. The dividend is below the 84c the company paid last quarter. However, the annual rate of $2.75 is the same amount Lamar guided to in December 2014 for 2015.