Interpublic Declares Dividend on Series B Preferred Stock
NEW YORK--(BUSINESS WIRE)--June 28, 2007--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 on the Series B Preferred Stock is payable in cash on July 16, 2007 to holders of record at the close of business on July 2, 2007. There will be a maximum of 525,000 shares of the Series B Preferred Stock outstanding on July 2, 2007, 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 Draftfcb, FutureBrand, GolinHarris International, Initiative, Jack Morton Worldwide, Lowe Worldwide, MAGNA Global, McCann Erickson, Momentum, MRM Worldwide, Octagon, Universal McCann and Weber Shandwick. Leading domestic brands include Campbell-Ewald, Carmichael Lynch, Deutsch, Hill Holliday, Mullen, The Martin Agency and R/GA. For more information, please visit www.interpublic.com.