Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Business

Interpublic Increases Common Stock Dividend by 25% and Announces New $300 Million Share Repurchase Program


Print article Print article
Copyright © Thomson Reuters 2013. All rights reserved.
2013-02-22 13:02:38 -

New York, NY - February 22, 2013 - Interpublic Group (NYSE: IPG) today announced
that its Board of Directors has declared a quarterly dividend on IPG common
stock of $0.075 per share, payable on March 25, 2013 to holders of record at the
close of business on March 11, 2013. The increase in the dividend from $0.06 to
$0.075 per share represents a 25% increase in the Company's quarterly dividend.

Additionally, the company's Board of Directors authorized a new program to
repurchase, from time to time, up to $300 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 2012.   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. "In 2012, we continued to invest in the long-term growth needs of our company while also implementing our dividend and stock repurchase plans," said Michael I. Roth, Chairman and CEO of Interpublic Group.  "By authorizing a 25% increase in the dividend and a new $300 million share repurchase program, our Board is demonstrating our company's ongoing commitment to returning appropriate levels of capital to shareholders, as well as our confidence in the operating trajectory of our business." # # # About Interpublic Interpublic is one of the world's leading organizations of advertising agencies and marketing services companies.  Major global brands include Draftfcb, FutureBrand, GolinHarris International, Huge, Initiative, Jack Morton Worldwide, Lowe and Partners, MAGNAGLOBAL, McCann, Momentum, MRM Worldwide, Octagon, R/GA, UM and Weber Shandwick.  Leading domestic brands include Campbell Ewald; Campbell Mithun; Carmichael Lynch; Deutsch, a Lowe and Partners Company; Gotham Inc.; Hill Holliday; ID Media; Mullen and The Martin Agency.  For more information, please visit www.interpublic.com. # # # Contact Information Tom Cunningham (Press) (212) 704-1326 Jerry Leshne (Analysts, Investors) (212) 704-1439 This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: INTERPUBLIC GROUP OF COMPANIES, INC. via Thomson Reuters ONE [HUG#1680300]


Press Information:




Contact Person:


Disclaimer: © 2013 Thomson Reuters. The press releases or report contained herein is protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Thomson Reuters's, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction, other than for an individual user's personal reference, is prohibited without prior written permission.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com | BidVertiser