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 raises quarterly dividend to 84c per share Lamar Advertising announces that its board has declared a quarterly cash dividend of 84c per share payable on December 30, to stockholders of record of Lamar's Class A common stock and Class B common stock on December 22. Lamar expects to make regular quarterly distributions to stockholders in 2015 in an aggregate annual amount of $2.75 per share, a 10% increase over the aggregate distributions paid or to be paid in 2014 of $2.50.