Interpublic Group of Companies, Inc. (The) (NYSE:IPG) announced a quarterly dividend on Wednesday, November 15th, Wall Street Journal reports. Investors of record on Friday, December 1st will be given a dividend of 0.18 per share by the business services provider on Friday, December 15th. This represents a $0.72 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend is Thursday, November 30th.

Interpublic Group of Companies, Inc. (The) has increased its dividend payment by an average of 26.0% per year 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 payout ratio of 51.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Interpublic Group of Companies, Inc. (The) to earn $1.53 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 47.1%.

Interpublic Group of Companies, Inc. (NYSE:IPG) traded down $0.03 during midday trading on Wednesday, reaching $18.64. 4,777,300 shares of the company traded hands, compared to its average volume of 4,804,673. Interpublic Group of Companies, Inc. has a twelve month low of $18.46 and a twelve month high of $25.71. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.63. The firm has a market cap of $7,255.32, a P/E ratio of 13.53, a P/E/G ratio of 1.15 and a beta of 1.46.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last posted its quarterly earnings results on Tuesday, October 24th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.02). Interpublic Group of Companies, Inc. (The) had a net margin of 7.43% and a return on equity of 27.38%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the business posted $0.31 EPS. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. sell-side analysts anticipate that Interpublic Group of Companies, Inc. will post 1.4 EPS for the current fiscal year.

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Several analysts recently issued reports on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $26.00 price target (down previously from $27.00) on shares of Interpublic Group of Companies, Inc. (The) in a research report on Wednesday, July 26th. BidaskClub downgraded shares of Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Telsey Advisory Group cut their price objective on shares of Interpublic Group of Companies, Inc. (The) from $29.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, July 26th. Zacks Investment Research raised shares of Interpublic Group of Companies, Inc. (The) from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, Morgan Stanley reaffirmed a “hold” rating on shares of Interpublic Group of Companies, Inc. (The) in a report on Monday, October 16th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $25.77.

In other news, SVP Ellen Tobi Johnson sold 20,000 shares of Interpublic Group of Companies, Inc. (The) 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director H John Greeniaus sold 43,479 shares of Interpublic Group of Companies, Inc. (The) stock in a transaction on Friday, November 10th. The stock was sold at an average price of $19.00, for a total value of $826,101.00. The disclosure for this sale can be found here. Insiders own 1.49% of the company’s stock.

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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