Interpublic Declares Dividend on Series B Preferred Stock
NEW YORK, Sep 28, 2011 (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 October 17, 2011 to holders of record at the close of business on October 3, 2011. There will be a maximum of 221,474 shares of the Series B Preferred Stock outstanding on October 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, HUGE, Initiative, Jack Morton Worldwide, Lowe and Partners, MAGNAGLOBAL, 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 and Partners Company; Gotham Inc.; Hill Holliday; ID Media; Mullen and The Martin Agency. For more information, please visit www.interpublic.com.
SOURCE: The Interpublic Group of Companies, Inc.
Tom Cunningham, 212-704-1326
Jerry Leshne, 212-704-1439