Interpublic Group of Companies Inc Announces Quarterly Dividend of $0.10 (IPG)
Interpublic Group of Companies (NYSE:IPG) announced a quarterly dividend on Tuesday, August 12th, AmericanBankingNews.com reports. Investors of record on Tuesday, September 2nd will be paid a dividend of 0.095 per share on Tuesday, September 16th. This represents a $0.38 annualized dividend and a dividend yield of 1.95%.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. initiated coverage on shares of Interpublic Group of Companies in a research note on Monday, July 28th. They set a “neutral” rating on the stock. On the ratings front, analysts at Atlantic Securities downgraded shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating in a research note on Friday, July 25th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Interpublic Group of Companies in a research note on Tuesday, July 22nd. They now have a $21.00 price target on the stock. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $20.67.
Shares of Interpublic Group of Companies (NYSE:IPG) traded up 0.15% on Tuesday, hitting $19.53. 2,834,432 shares of the company’s stock traded hands. Interpublic Group of Companies has a 52 week low of $15.28 and a 52 week high of $20.64. The stock’s 50-day moving average is $19.55 and its 200-day moving average is $18.06. The company has a market cap of $8.230 billion and a P/E ratio of 26.64.
Interpublic Group of Companies (NYSE:IPG) last released its earnings data on Friday, July 18th. The company reported $0.25 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.25. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the company posted $0.18 earnings per share. Interpublic Group of Companies’s revenue was up 5.4% compared to the same quarter last year. Analysts expect that Interpublic Group of Companies will post $1.00 EPS for the current fiscal year.
The Interpublic Group of Companies, Inc (NYSE:IPG) is a global advertising and marketing services companies.
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