Interpublic Group of Companies, Inc. (The) (NYSE:IPG) declared a quarterly dividend on Friday, August 11th, Zacks reports. Stockholders of record on Friday, September 1st will be paid a dividend of 0.18 per share by the business services provider on Friday, September 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Wednesday, August 30th.

Interpublic Group of Companies, Inc. (The) has raised its dividend payment by an average of 26.0% annually over the last three years and has raised its dividend every year for the last 4 years. Interpublic Group of Companies, Inc. (The) has a dividend payout ratio of 50.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Interpublic Group of Companies, Inc. (The) to earn $1.58 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 45.6%.

Interpublic Group of Companies, Inc. (NYSE:IPG) opened at 20.27 on Tuesday. Interpublic Group of Companies, Inc. has a one year low of $19.57 and a one year high of $25.71. The firm has a market capitalization of $7.97 billion, a PE ratio of 14.59 and a beta of 1.53. The stock has a 50 day moving average price of $22.35 and a 200-day moving average price of $23.88.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last released its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by $0.07. Interpublic Group of Companies, Inc. (The) had a return on equity of 27.72% and a net margin of 7.19%. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the business posted $0.33 earnings per share. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. On average, equities analysts forecast that Interpublic Group of Companies, Inc. will post $1.43 earnings per share for the current year.

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Several analysts have issued reports on IPG shares. Jefferies Group LLC reiterated a “buy” rating and issued a $27.00 target price on shares of Interpublic Group of Companies, Inc. (The) in a research note on Monday, May 22nd. Macquarie cut shares of Interpublic Group of Companies, Inc. (The) from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $28.00 to $24.00 in a research note on Tuesday, June 6th. Royal Bank Of Canada set a $29.00 target price on shares of Interpublic Group of Companies, Inc. (The) and gave the stock a “buy” rating in a research note on Monday, June 12th. Zacks Investment Research cut shares of Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Finally, BidaskClub upgraded shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $26.07.

In other Interpublic Group of Companies, Inc. (The) news, SVP Julie Connors sold 5,854 shares of the firm’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $24.26, for a total value of $142,018.04. Following the sale, the senior vice president now owns 10,592 shares of the company’s stock, valued at approximately $256,961.92. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Ellen Tobi Johnson sold 20,000 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $20.50, for a total transaction of $410,000.00. The disclosure for this sale can be found here. 1.49% of the stock is owned by company insiders.

Interpublic Group of Companies, Inc. (The) Company Profile

The Interpublic Group of Companies, Inc is a global advertising and marketing services company. The Company specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. It operates in two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG).

Dividend History for Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

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