Interpublic Increases Common Stock Dividend for Twelfth Consecutive Year and Announces New Share Repurchase Program
08 Februar 2024 - 1:15PM
Interpublic Group (NYSE: IPG) today announced that the company’s
Board of Directors has declared a quarterly dividend on IPG common
stock of $0.33 per share, payable on March 15, 2024, to holders of
record at the close of business on March 1, 2024. The increase in
the dividend from $0.31 to $0.33 per share represents a six percent
increase to the Company’s quarterly dividend.
Additionally, the company's Board of Directors authorized a new
program to repurchase, from time to time, up to $320 million of IPG
common stock. The authorization under the new program is in
addition to any amounts remaining for repurchase under the program
announced in 2023. Repurchases under the new program may be
effected through open market purchases, trading plans established
in accordance with SEC rules, derivative transactions, or other
means. The timing and amount of repurchases under the authorization
will depend on market conditions and the company's other funding
requirements. The share repurchase program has no expiration
date.
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About InterpublicInterpublic (NYSE: IPG) (www.interpublic.com)
is a values-based, data-fueled, and creatively-driven provider of
marketing solutions. Home to some of the world’s best-known and
most innovative communications specialists, IPG global brands
include Acxiom, Craft, FCB, FutureBrand, Golin, Huge, Initiative,
IPG Health, IPG Mediabrands, Jack Morton, KINESSO, MAGNA, McCann,
Mediahub, Momentum, MRM, MullenLowe Global, Octagon, R/GA, UM,
Weber Shandwick and more. IPG is an S&P 500 company with total
revenue of $10.89 billion in 2023.
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Contact InformationTom Cunningham (Press) (212) 704-1326
Jerry Leshne (Analysts, Investors) (212) 704-1439
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