FBR views IRS 'no rule' as non-event for Lamar Advertising FBR Capital notes the IRS yesterday published a "no rule" list which included outdoor advertising displays on the list of "areas in which rulings or determination letters will not ordinarily be issued." The firm views the development as a non-event for Lamar and continues to believe the company is highly likely to qualify for REIT treatment. FBR has an Outperform rating on the stock.
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.