Interpublic Declares Dividend on Series B Preferred Stock
NEW YORK, Oct 05, 2010 (BUSINESS WIRE) --
The Board of Directors of The Interpublic Group of Companies, Inc. (NYSE: IPG) has declared a dividend of $13.125 per share on its 5¼% Series B Cumulative Convertible Perpetual Preferred Stock. The dividend on the Series B Preferred Stock is payable in cash on October 15, 2010 to holders of record at the close of business on October 1, 2010. There will be a maximum of 221,474 shares of the Series B Preferred Stock outstanding on October 1, 2010, resulting in a maximum possible aggregate dividend of approximately $2,906,846.
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, Initiative, Jack Morton Worldwide, Lowe Worldwide, Magna, McCann Erickson, Momentum, MRM Worldwide, Octagon, R/GA, UM and Weber Shandwick. Leading domestic brands include Campbell-Ewald; Campbell Mithun; Carmichael Lynch; Deutsch, a Lowe & Partners Company; Hill Holliday; ID Media; Mullen and The Martin Agency. For more information, please visit www.interpublic.com.
SOURCE: The Interpublic Group of Companies, Inc.
The Interpublic Group of Companies, Inc.
Philippe Krakowsky, 212-704-1328
or
Jerry Leshne, 212-704-1439
(Analysts, Investors)