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IPG Buyback image

Interpublic Group Buyback

OLI recorded this information on 2/10/2017

Company: Interpublic Group
Buyback: IPG buyback
$Amount Authorized: $300,000,000
Buyback Details: Interpublic Group (NYSE:IPG) today announced that the company's Board of Directors has declared a quarterly dividend on IPG common stock of $0.18 per share, payable on March 15, 2017 to holders of record at the close of business on March 1, 2017. The increase in the dividend from $0.15 to $0.18 per share represents a 20% 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 2016. 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.

Interpublic Group of Companies is an advertising and marketing services company. Co.'s segment include: Integrated Agency Networks (IAN) and Constituency Management Group (CMG). Within IAN, Co.'s agencies provide an array of communications and marketing services, each providing a range of solutions for its clients. In addition, Co.'s domestic integrated agencies provide a range of advertising, marketing communications services and/or marketing services and partner with its operating divisions as needed. CMG provides clients with services, including public relations, meeting and event production, sports and entertainment marketing, corporate and brand identity, and marketing consulting.

Interpublic Group of Companies SEC Filing Email Alerts Service

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Company Name: 
Interpublic Group of Companies Inc.
Stock buyback: 
IPG buyback
Website: 
www.interpublic.com
Sector: 
Advertising
Number of ETFs Holding IPG: 
96
Total Market Value Held by ETFs: 
$1.70B
Total Market Capitalization: 
$9.53B
% of Market Cap. Held by ETFs: 
17.83%
 

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Buy (3.00 out of 4)
32nd percentile
(ranked lower than approx. 68% of all stocks covered)

Analysts' Target Price:
IPG Stock Forecast

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