NEW YORK, May 18, 2004 (BUSINESS WIRE) -- The Board of Directors of The Interpublic Group of Companies, Inc. (NYSE: IPG) today declared a dividend of $0.671875 per share on its 5 3/8% Series A Mandatory Convertible Preferred Stock. The dividend is payable in cash on June 15, 2004 to holders of record at the close of business on June 1, 2004. There will be a maximum of 7,475,000 shares of the Series A Mandatory Convertible Preferred Stock outstanding on June 1, 2004, resulting in a maximum possible aggregate dividend of $5,022,266.
Interpublic is one of the world's leading organizations of advertising agencies and marketing services companies. Major global brands include Draft, Foote, Cone & Belding Worldwide, Golin/Harris International, Initiative Media, Lowe & Partners Worldwide, McCann-Erickson, Universal McCann and Weber Shandwick Worldwide. Leading domestic brands include Campbell-Ewald, Deutsch and Hill Holliday.
SOURCE: The Interpublic Group of Companies, Inc.
Financial Relations Board
Julie Tu, 212-445-8456
Interpublic Group of Companies, Inc.
Philippe Krakowsky, 212-399-8088