This top company flies way under the radar and is offering a very solid entry point for investors. Lamar Advertising Co. (NASDAQ: LAMR) is a publicly owned equity real estate investment trust (REIT). It is one of the largest outdoor advertising companies in North America, with more than 325,000 displays across the United States, Canada and Puerto Rico.
Lamar offers advertisers a variety of billboard, interstate logo and transit advertising formats, helping both local businesses and national brands reach broad audiences every day. In addition to its more traditional out-of-home inventory, Lamar also offers its customers the largest network of digital billboards in the United States, with over 2,500 displays.
Investors are paid an outstanding 5% distribution. While Wells Fargo rates the stock a Buy, its price target was not listed. The consensus price target for the stock is $68.14. The shares closed Thursday at $61.10.
The company is struggling to regain lost ground after a judge ruled against the mega-merger it had planned with Office Depot. Staples Inc. (NASDAQ: SPLS) is the leading U.S. retailer of office supplies, with a significant presence in Canada and a growing presence in Europe.
The company sells office products, furniture, computers and business machines, and operates in three segments through multiple channels: North American Retail (with approximately 1,600 stores), North American Direct (catalog and contract) and International Operations (nearly 300 retail stores, catalog and internet businesses).
While the disappointment in the failed merger jolted shares somewhat back in the spring, the company has added product lines to compete with Amazon. The company also was one of the earlier e-commerce adopters and doesn’t lag behind Amazon’s capabilities like some of other traditional retailers. For instance, Staples’ same-day delivery option this year will be able to get packages to customers’ doors in two hours.
Staples shareholders are paid a solid 5.6% dividend. The $10 price target Merrill Lynch has on the stock compares with a consensus price objective set at $9.45. The shares closed Thursday at $8.59.
Four top companies paying outstanding dividends, and holding their own in their respective business arenas. Given the volatility in the markets, investors may want to buy partial positions here and see how the third-quarter earnings come in next month.