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Interpublic of : Increases Common Stock Dividend by 25% and Announces New $300 Million Share Repurchase Program

02/12/2016 | 07:07am US/Eastern


New York, NY - February 12, 2016 - Interpublic Group (NYSE: IPG) today announced
that the company's Board of Directors has declared a quarterly dividend on IPG
common stock of $0.15 per share, payable on March 15, 2016 to holders of record
at the close of business on March 1, 2016. The increase in the dividend from
$0.12 to $0.15 per share represents a 25% increase in the Company's quarterly
dividend.

Additionally, the company's Board of Directors authorized a new program to
repurchase, from time to time, up to $300 million of IPG common stock. The
authorization under the new program is in addition to any amounts remaining for
repurchase under the program announced in 2015. Repurchases under the new
program may be effected through open market purchases, trading plans established
in accordance with SEC rules, derivative transactions, or other means. The
timing and amount of repurchases under the authorization will depend on market
conditions and the company's other funding requirements. The share repurchase
program has no expiration date.

Michael I. Roth, Chairman and CEO of Interpublic Group commented, "These actions
build on a sustained capital return program that IPG initiated in 2011. Since
that time, we have returned a total of $2.5 billion to shareholders through a
combination of dividends and share repurchase, and reduced our outstanding
shares eligible for dilution by over 25%. Today's announcement demonstrates our
continued confidence in the financial and operational strength of IPG."


                                     # # #

About Interpublic
Interpublic is one of the world's leading organizations of advertising agencies
and marketing services companies. Major global brands include BPN, Craft, FCB
(Foote, Cone & Belding), FutureBrand, Golin, Huge, Initiative, Jack Morton
Worldwide, MAGNA GLOBAL, 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. For more information, please visit www.interpublic.com.

                                     # # #

Contact Information
Tom Cunningham
(Press)
(212) 704-1326

Jerry Leshne
(Analysts, Investors)
(212) 704-1439




This announcement is distributed by GlobeNewswire on behalf of 
GlobeNewswire clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
    
Source: INTERPUBLIC GROUP OF COMPANIES, INC. via GlobeNewswire
[HUG#1985738]

 
  

© Thomson Reuters, source US Press Releases

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