Interpublic Declares Dividend on Series B Preferred Stock
NEW YORK, Mar 16, 2011 (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 April 15, 2011 to holders of record at the close of business on April 1, 2011. There will be a maximum of 221,474 shares of the Series B Preferred Stock outstanding on April 1, 2011, 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.
Interpublic
Philippe Krakowsky, 212-704-1328
or
Analysts, Investors
Jerry Leshne, 212-704-1439