Interpublic Group of Companies, Inc. (NYSE:IPG) has declared a dividend of $13.125 per share. The dividend is for the company’s 5 ¼% Series B Cumulative Convertible Perpetual Preferred Stock. The dividend will be payable on April 15, 2010. It will be paid to shareholders of record as of the close of business on April 1, 2010. A maximum of 525,000 shares of the stock outstanding will be available on April 1, 2010. This will result in a maximum possible dividend of $6,890,625. For more information about the dividend, visit www.interpublic.com, or contact Philppe Krakowsky of The Interpublic Group of Companies at 212.704.1328.
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The Interpublic Group of Companies, Inc. (IPG) is a global advertising and marketing services company. IPG’s agencies create marketing programs for clients in every world market. These companies deliver services across a range of marketing disciplines and specialties, including advertising, direct marketing, media buying and planning, public relations, events marketing, Internet and search engine marketing, social media marketing and mobile marketing. The Company’s solutions vary from project-based activity involving one agency and its client to long-term, integrated campaigns created by a group of its companies working together on behalf of a client. IPG has two segments: Integrated Agency Network (IAN), which consists of McCann, Draftfcb, Lowe, Mediabrands and its domestic integrated agencies, and Constituency Management Group (CMG), which consists of the bulk of its specialist marketing services offerings.
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