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Interpublic Declares Dividend on Series A Preferred Stock
Publish Date : 11/30/2004 1:20:00 PM Source : Business News Onlypunjab.com
The Board of Directors of The Interpublic Group of Companies, Inc. (NYSE: IPG) has declared a dividend of $0.671875 per share on its 5 3/8% Series A Mandatory Convertible Preferred Stock. The dividend is payable in cash on December 15, 2004 to holders of record at the close of business on December 1, 2004. There will be a maximum of 7,475,000 shares of the Series A Mandatory Convertible Preferred Stock outstanding on December 1, 2004, resulting in a maximum possible aggregate dividend of $5,022,266.
About Interpublic
Interpublic is one of the world's leading organizations of advertising agencies and marketing-services companies. Major global brands include Draft, Foote, Cone & Belding Worldwide, GolinHarris International, Initiative, Jack Morton Worldwide, Lowe & Partners Worldwide, McCann Erickson, Octagon, Universal McCann and Weber Shandwick Worldwide. Leading domestic brands include Campbell-Ewald, Deutsch and Hill Holliday.
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