Interpublic Declares Dividend on Series B Preferred Stock
NEW YORK, Dec 15, 2010 (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 January 18, 2011 to holders of record at the close of business on January 3, 2011. There will be a maximum of 221,474 shares of the Series B Preferred Stock outstanding on January 3, 2011, resulting in a maximum possible aggregate dividend of approximately $2,906,846.
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: Interpublic Group
Philippe Krakowsky, 212-704-1328
Jerry Leshne, 212-704-1439