Interpublic Declares Dividend on Series A and Series B Preferred Stock
NEW YORK, Jun 09, 2006 (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 and a dividend of $13.125 per share on its 5 1/4% Series B Cumulative Convertible Perpetual Preferred Stock. The dividend on the Series A Preferred Stock is payable in cash on June 15, 2006 to holders of record at the close of business on June 1, 2006. There was a maximum of 7,475,000 shares of the Series A Preferred Stock outstanding on June 1, 2006, resulting in a maximum possible aggregate dividend of $5,022,266. The dividend on the Series B Preferred Stock is payable in cash on July 17, 2006 to holders of record at the close of business on July 3, 2006. There will be a maximum of 525,000 shares of the Series B Preferred Stock outstanding on July 3, 2006, resulting in a maximum possible aggregate dividend of $6,890,625.
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, FutureBrand, GolinHarris International, Initiative, Jack Morton Worldwide, Lowe Worldwide, MAGNA Global, McCann Erickson, Momentum, MRM, Octagon, Universal McCann and Weber Shandwick. Leading domestic brands include Campbell-Ewald, Carmichael Lynch, Deutsch, Hill Holliday, Mullen and The Martin Agency.
SOURCE: The Interpublic Group of Companies, Inc.
Philippe Krakowsky, 212-704-1328
Jerry Leshne, 212-704-1439