Interpublic Declares Common Stock Dividend and Announces New Share Repurchase Program

Rhea-AI Summary

Interpublic Group (NYSE: IPG) has announced two significant shareholder-focused initiatives. The Board of Directors declared a quarterly dividend of $0.33 per share, payable on March 17, 2025, to shareholders of record as of March 3, 2025.

Additionally, the Board authorized a new share repurchase program of up to $155 million of IPG common stock. This program supplements the existing 2024 repurchase program and has no expiration date. The timing and volume of repurchases will be determined by market conditions and funding requirements.

Both the dividend and repurchase program align with the merger agreement IPG entered into with Omnicom Group Inc. on December 8, 2024. IPG reported total revenue of $10.7 billion in 2024.

Positive

• Declared quarterly dividend of $0.33 per share
• New $155 million share repurchase program authorized
• Strong revenue performance of $10.7 billion in 2024
• Flexible repurchase program with no expiration date

Negative

• None.

New York, NY, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Interpublic Group (NYSE: IPG) today announced that the company’s Board of Directors has declared a quarterly dividend on IPG common stock of $0.33 per share, payable on March 17, 2025, to holders of record at the close of business on March 3, 2025.

Additionally, the company's Board of Directors authorized a new program to repurchase, from time to time, up to $155 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 2024. 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.

The dividend and new repurchase program are consistent with the provisions relating to these matters contained in the Agreement and Plan of Merger the company entered into with Omnicom Group Inc. on December 8, 2024.

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About Interpublic
Interpublic (NYSE: IPG) (www.interpublic.com) is a values-based, data-fueled, and creatively-driven provider of marketing solutions. Home to some of the world’s best-known and most innovative communications specialists, IPG global brands include Acxiom, Craft, FCB, FutureBrand, Golin, Initiative, IPG Health, IPG Mediabrands, Jack Morton, KINESSO, MAGNA, McCann, Mediahub, Momentum, MRM, MullenLowe Global, Octagon, UM, Weber Shandwick and more. IPG is an S&P 500 company with total revenue of $10.7 billion in 2024.

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Contact Information
Tom Cunningham
(Press)
(212) 704-1326

Jerry Leshne
(Analysts, Investors)
(212) 704-1439

FAQ

What is the amount of IPG's new share repurchase program announced in February 2025?

IPG announced a new share repurchase program of up to $155 million of common stock.

When will IPG pay its latest quarterly dividend and what is the amount?

IPG will pay a quarterly dividend of $0.33 per share on March 17, 2025, to shareholders of record as of March 3, 2025.

How does IPG's new share repurchase program relate to its merger with Omnicom?

The new share repurchase program is consistent with the provisions outlined in the Agreement and Plan of Merger with Omnicom Group Inc. from December 8, 2024.

What was IPG's total revenue in 2024?

IPG reported total revenue of $10.7 billion in 2024.

Is there an expiration date for IPG's new share repurchase program?

No, the new share repurchase program has no expiration date.