Lamar Advertising declares $1.25 quarterly dividend, extends $250M stock and debt repurchase programs through Sep 2024

LAMAR ADVERTISING CO/NEW

Quarterly cash dividend of $1.25 per share payable March 31, 2023 to holders of record March 17, 2023.
Expected aggregate 2023 distributions total $5.00 per common share, subject to board approval.
Board extends stock repurchase program ($250M Class A common) and debt repurchase program ($250M senior notes/credit) through September 30, 2024.
Repurchase programs previously set to expire March 31, 2023; no repurchases made to date.
Company may establish 10b5-1 trading plans for future repurchases; programs may be suspended or discontinued at any time.

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