Interpublic Declares Dividend on Series a Preferred Stock
NEW YORK, Feb 8, 2005 (BUSINESS WIRE) -- The Board of Directors of The Interpublic Group of Companies, Inc. (NYSE: IPG) has 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 March 15, 2005 to holders of record at the close of business on March 1, 2005. There will be a maximum of 7,475,000 shares of the Series A Mandatory Convertible Preferred Stock outstanding on March 1, 2005, resulting in a maximum possible aggregate dividend of $5,022,266.
About Interpublic
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, GolinHarris International, Initiative, Jack Morton Worldwide, Lowe & Partners Worldwide, MAGNA Global, McCann Erickson, Octagon, Universal McCann and Weber Shandwick. Leading domestic brands include Campbell-Ewald, Deutsch and Hill Holliday.
SOURCE: The Interpublic Group
The Interpublic Group
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