Lamar Advertising (LAMR) is not only one of the highest paying dividend stocks we cover (dividend yield = 4.84), we also consider it one of the best dividend paying stocks we cover. We will explain why in this report.
Lamar Advertising (LAMR) is an outdoor advertising company. It was founded in 1902 and is currently one of the largest outdoor advertising companies in North America. It operates in the U.S., Canada, and Puerto Rico. Lamar sells advertising on billboards, buses, shelters, benches and logo plates. Lamar also offers its customers the largest network of digital billboards in the United States.
In 2014, Lamar acquired the assets of Marco Outdoor advertising and shortly thereafter changed its corporate structure to a real estate investment trust (REIT). It is currently headquartered in Baton Rouge, Louisiana.
LAMR is an advertising company, and consequently its business tends to be a little erratic. This is reflected in the volatility of its stock price and its beta. Despite this, it has actually displayed fairly consistent growth in sales.
LAMR has also been consistently profitable; and its operating cash flows support and confirm its reported profits. It has shown skill at managing its cash flows, generating positive free cash flows, and growing its equity. On top of all this, LAMR scores well on many of the other measures of efficiency that we study. In addition, this very good company has price multiples that are only comparable to an average company, and in some ways even lower.
LAMR earns our highest rating for its overall fundamentals, “A”. And we consider LAMR one of the best monthly dividend stocks we cover.
Stat Sheet – Lamar Advertising 4/18/16
|Industry||Real Estate Operations|
|Market Cap||$ 5,978|
|Price Volatility||Above Average|
(Our assessment of this firm’s fundamentals will be in effect for the rest of calendar year 2016)
No one can forecast with perfection a single stock. No matter how much promise a stock has, it can disappoint; and LAMR may disappoint. But we feel strongly that if you fill a portfolio with LAMR and stocks similar to it, that portfolio will beat the market on a risk-adjusted return basis.
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