Interpublic Group of Cos. (IPG) Raises Quarterly Dividend 16.7% to $0.21, 3.8% Yield; Announces $300M Share Repurchase Program

February 14, 2018 7:36 AM EST

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

Interpublic Group of Cos. (NYSE: IPG) declared a quarterly dividend of $0.21 per share, or $0.84 annualized. This is a 16.7% increase from the prior dividend of $0.18.

The dividend will be payable on March 15, 2018, to stockholders of record on March 1, 2018, with an ex-dividend date of February 28, 2018.

The annual yield on the dividend is 3.8 percent.

Michael I. Roth, Chairman and CEO of Interpublic Group commented, "Since initiating our capital-return programs in 2011, we have returned a total of $3.6 billion to shareholders through a combination of common share dividends and repurchases, and we have reduced our outstanding shares eligible for dilution by 30%. Further, this marks our sixth consecutive year of double-digit percentage increases to the dividend. Together, these actions reflect our continuing operating success in recent years, IPG's substantial financial strength, and significant confidence in our future prospects."

For a dividend history and other dividend-related data on Interpublic Group of Cos. (IPG) click here.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Dividends, Management Comments

Related Entities

Dividend, Stock Buyback