Interpublic Declares Dividend, Authorizes Stock Split
May 17, 1999 at 12:00 AM EDT
New York, May 17, 1999 (NYSE:IPG) — At the Annual Meeting of The Interpublic
Group of Companies, Inc., which was held today in the Auditorium of The
Equitable Center, Philip H. Geier, Jr., Chairman of the Board and Chief
Executive Officer, announced that the Board of Directors voted a dividend of 17
cents per share payable June 15, 1999 to shareholders of record at the close of
business on May 27, 1999.
The Board has also authorized a stock split of 2 shares for 1 payable July 15, 1999 to shareholders of record at the close of business on June 29, 1999.
The shareholders re-elected the following present directors: Eugene P. Beard,
Frank J. Borelli, Reginald K. Brack, Jill M. Considine, John J. Dooner, Jr.,
Philip H. Geier, Jr., Frank B. Lowe, Leif H. Olsen, Martin F. Puris, Allen
Questrom and J. Phillip Samper.
| CONTACT: | Interpublic - New York Thomas J. Volpe (212) 399-8056 Nicholas J. Camera (212) 399-8021 |