Interpublic Declares Dividend on Series B Preferred Stock
NEW YORK, Sep 23, 2008 (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 5 1/4% Series B Cumulative Convertible Perpetual Preferred Stock. The dividend on the Series B Preferred Stock is payable in cash on October 15, 2008 to holders of record at the close of business on October 1, 2008. There will be a maximum of 525,000 shares of the Series B Preferred Stock outstanding on October 1, 2008, 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, McCann Erickson, Momentum, MRM Worldwide, Octagon, Universal McCann and Weber Shandwick. Leading domestic brands include Campbell-Ewald, Campbell Mithun, Carmichael Lynch, Deutsch, Hill Holliday, Mullen, The Martin Agency and R/GA. For more information, please visit www.interpublic.com.
SOURCE: The Interpublic Group of Companies, Inc.
The Interpublic Group of Companies, Inc.