StockNews.AI
IPG
StockNews.AI
188 days

Interpublic Declares Common Stock Dividend and Announces New Share Repurchase Program

1. IPG announces $0.33 quarterly dividend, payable March 17, 2025. 2. New stock repurchase program authorized for up to $155 million. 3. Repurchase program supports prior merger agreement with Omnicom Group. 4. Open market purchases depend on conditions and funding needs. 5. IPG reported total revenue of $10.7 billion in 2024.

Shares Buyback
-1.51%Current Return
VS
+0.45%S&P 500
$27.1702/12 07:30 AM EDTEvent Start
$26.7602/13 02:13 PM EDTLatest Updated
3m saved
Insight
Article

FAQ

Why Bullish?

The dividend increase and repurchase program may boost investor confidence and support share prices, similar to past stock buyback impacts on other companies like Apple.

How important is it?

The dividend and repurchase could significantly influence IPG’s financial stability and attractiveness to investors, akin to other means of returning capital to shareholders which often leads to price appreciation.

Why Short Term?

Immediate effect expected on stock price due to dividend and buyback announcements, akin to past dividend declarations affecting stock performance shortly thereafter.

Related Companies

OMCAAPL
New York, NY, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Interpublic Group (NYSE: IPG) today announced that the company’s Board of Directors has declared a quarterly dividend on IPG common stock of $0.33 per share, payable on March 17, 2025, to holders of record at the close of business on March 3, 2025. Additionally, the company's Board of Directors authorized a new program to repurchase, from time to time, up to $155 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 2024. 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. The dividend and new repurchase program are consistent with the provisions relating to these matters contained in the Agreement and Plan of Merger the company entered into with Omnicom Group Inc. on December 8, 2024. # # # About InterpublicInterpublic (NYSE: IPG) (www.interpublic.com) is a values-based, data-fueled, and creatively-driven provider of marketing solutions. Home to some of the world’s best-known and most innovative communications specialists, IPG global brands include Acxiom, Craft, FCB, FutureBrand, Golin, Initiative, IPG Health, IPG Mediabrands, Jack Morton, KINESSO, MAGNA, McCann, Mediahub, Momentum, MRM, MullenLowe Global, Octagon, UM, Weber Shandwick and more. IPG is an S&P 500 company with total revenue of $10.7 billion in 2024. # # # Contact InformationTom Cunningham (Press) (212) 704-1326 Jerry Leshne (Analysts, Investors) (212) 704-1439

Related News