Interpublic Group of Companies (IPG) will raise its quarterly dividend by 8.5 percent to $0.255 per share in the first quarter of 2020. This marks the 8th consecutive year of dividend increases by the advertising company and follows double digit dividend hikes in the past couple of years.
The next dividend is payable on March 16, 2020 to holders of record at the close of business on March 2, 2020. A new annualized dividend rate of $1.02 per share yields 4.2% at a stock price of $24.47.
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. Interpublic Group of Companies has paid a dividend every year since 2011.