The Interpublic Group of Companies, Inc. Plans Quarterly Dividend of $0.33 (NYSE:IPG)

The Interpublic Group of Companies, Inc. (NYSE:IPG - Get Free Report) declared a quarterly dividend on Monday, October 28th, Zacks reports. Investors of record on Monday, December 2nd will be given a dividend of 0.33 per share by the business services provider on Monday, December 16th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date of this dividend is Monday, December 2nd.

Interpublic Group of Companies has increased its dividend by an average of 6.7% annually over the last three years and has raised its dividend annually for the last 13 consecutive years. Interpublic Group of Companies has a payout ratio of 47.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Interpublic Group of Companies to earn $2.88 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 45.8%.

Interpublic Group of Companies Price Performance

Shares of NYSE IPG traded down $0.08 during mid-day trading on Wednesday, hitting $29.95. 2,795,864 shares of the company's stock traded hands, compared to its average volume of 3,924,098. The company has a market capitalization of $11.30 billion, a P/E ratio of 10.69, a PEG ratio of 4.97 and a beta of 1.09. Interpublic Group of Companies has a 1 year low of $27.84 and a 1 year high of $35.17. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.07 and a quick ratio of 1.06. The company's 50-day moving average is $31.29 and its two-hundred day moving average is $30.72.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.70. The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.51% and a net margin of 7.44%. The company's quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.70 earnings per share. On average, equities analysts anticipate that Interpublic Group of Companies will post 2.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on IPG. StockNews.com cut shares of Interpublic Group of Companies from a "hold" rating to a "sell" rating in a research report on Wednesday, October 23rd. Wells Fargo & Company reissued an "underweight" rating and issued a $26.00 price objective (down from $28.00) on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. Morgan Stanley lowered Interpublic Group of Companies from an "equal weight" rating to an "underweight" rating and dropped their target price for the company from $34.00 to $28.00 in a research report on Monday, July 22nd. Bank of America decreased their price target on Interpublic Group of Companies from $36.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, September 5th. Finally, Macquarie restated a "neutral" rating and set a $31.00 price objective on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $30.57.

Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in three segments: Media, Data & Engagement Solutions, Integrated Advertising & Creativity Led Solutions, and Specialized Communications & Experiential Solutions. The Media, Data & Engagement Solutions segment provides media and communications services, digital services and products, advertising and marketing technology, e-commerce services, data management and analytics, strategic consulting, and digital brand experience under the IPG Mediabrands, UM, Initiative, Kinesso, Acxiom, Huge, MRM, and R/GA brand names.