secwatch.observer — SEC 8-K summary
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Issuer:     LAMAR ADVERTISING CO/NEW (LAMR)
CIK:        0001090425
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0001193125-23-046675
Event type: dividend
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090425/000119312523046675/0001193125-23-046675-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090425/000119312523046675/d454051d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-046675

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