Interpublic Group of Companies (IPG) will raise its quarterly dividend by 11.9 percent to $0.235 per share in the first quarter of 2019. This marks the 7th consecutive year of dividend increases by the advertising company.

The next dividend is payable on March 15, 2019 to holders of record at the close of business on March 1, 2019. A new annualized dividend rate of 94 cents per share yields 4.1% at a stock price of $23.

The Interpublic Group of Companies, Inc. is an advertising and marketing services company. Major global brands include Craft, FCB (Foote, Cone & Belding), FutureBrand, Golin, Huge, Initiative, Jack Morton Worldwide, MAGNA, McCann, Momentum, MRM//McCann, MullenLowe Group, Octagon, R/GA, UM and Weber Shandwick. Other leading brands include Avrett Free Ginsberg, Campbell Ewald, Carmichael Lynch, Deutsch, Hill Holliday, ID Media and The Martin Agency.