BATON ROUGE, La. (AP) — Baton Rouge-based Lamar Advertising expects to pay a dividend of $2.50 per share in 2014. That's according to a filing with the U.S. Securities and Exchange Commission.
The Advocate reports (http://bit.ly/1lCEKL2 ) the filing shows the company's adjusted funds from operations, a key performance measure for Real Estate Investment Trusts, will range from $4.03 to $4.13 per share.
Investors in Real Estate Investment Trusts, or REITs, use Adjusted Funds from Operations per share instead of earnings per share. The AFFO includes the costs for maintaining the trust's underlying assets — in Lamar's case billboards — and is considered a better predictor of a company's ability to pay dividends.
The earnings projections are part of an investor presentation Lamar is making to REIT investors this week.
Information from: The Advocate,http://theadvocate.com