Chances of Lamar Advertising REIT conversion has increased, says Wedbush After Lamar Advertising stated that it expects positive news very soon on its REIT conversion, Wedbush believes that the chances of the company converting to a REIT soon have increased. The firm continues to believe that the IRS will likely make a favorable ruling on the matter in Q1, and it views the stock's risk/reward ratio as favorable. The firm keeps a $57 price target and Outperform rating on the shares.
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.