Interpublic Declares Dividend on Series B Preferred Stock
NEW YORK--(BUSINESS WIRE)--March 8, 2006--The Board of Directors of The Interpublic Group of Companies, Inc. (NYSE: IPG) has declared a dividend of $13.125 per share on its 5 1/4% Series B Cumulative Convertible Perpetual Preferred Stock. The dividend is payable in cash on April 17, 2006 to holders of record at the close of business on April 3, 2006. There will be a maximum of 525,000 shares of the Series B Cumulative Convertible Perpetual Preferred Stock outstanding on April 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, Octagon, Universal McCann and Weber Shandwick. Leading domestic brands include Campbell-Ewald, Deutsch and Hill Holliday.
CONTACT: For The Interpublic Group of Companies, Inc.
Philippe Krakowsky, 212-704-1328
Jerry Leshne, 212-704-1439
SOURCE: The Interpublic Group of Companies, Inc.