Interpublic Declares Dividend on Series A Preferred Stock
NEW YORK--(BUSINESS WIRE)--Aug. 16, 2004--The Board of Directors of The Interpublic Group of Companies, Inc. (NYSE: IPG) has declared a dividend of $0.671875 per share on its 5 3/8% Series A Mandatory Convertible Preferred Stock. The dividend is payable in cash on September 15, 2004 to holders of record at the close of business on September 1, 2004. There will be a maximum of 7,475,000 shares of the Series A Mandatory Convertible Preferred Stock outstanding on September 1, 2004, resulting in a maximum possible aggregate dividend of $5,022,266.
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, GolinHarris International, Initiative, Lowe & Partners Worldwide, McCann-Erickson, Universal McCann and Weber Shandwick Worldwide. Leading domestic brands include Campbell-Ewald, Deutsch and Hill Holliday.
CONTACT: For The Interpublic Group of Companies, Inc.:
Julie Tu, 212-445-8456
Media, Analysts, Investors:
Philippe Krakowsky, 212-704-1328
Jerry Leshne, 212-704-1439
SOURCE: The Interpublic Group of Companies, Inc.