Interpublic Declares Dividend on Series A Preferred Stock
NEW YORK--(BUSINESS WIRE)--Aug. 5, 2005--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, 2005 to holders of record at the close of business on September 1, 2005. There will be a maximum of 7,475,000 shares of the Series A Mandatory Convertible Preferred Stock outstanding on September 1, 2005, 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, FutureBrand, GolinHarris International, Initiative, Jack Morton Worldwide, Lowe Worldwide, MAGNA Global, McCann Erickson, Octagon, Universal McCann and Weber Shandwick. Leading domestic brands include Campbell-Ewald, Deutsch and Hill Holliday.
CONTACT: Interpublic Group
Julie Tu, 212-827-3776
Media, Analysts, Investors:
Philippe Krakowsky, 212-704-1328
Jerry Leshne, 212-704-1439
SOURCE: The Interpublic Group of Companies, Inc.