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

The Interpublic Group of Companies, Inc. (NYSE:IPG) declared a quarterly dividend on Monday, October 28th,Zacks Dividends reports. Shareholders 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 annualized dividend and a yield of 4.28%. The ex-dividend date is Monday, December 2nd.

Interpublic Group of Companies has increased its dividend payment by an average of 6.7% per year 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 47.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Interpublic Group of Companies to earn $2.76 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 47.8%.

Interpublic Group of Companies Stock Performance

IPG opened at $30.81 on Friday. Interpublic Group of Companies has a twelve month low of $26.88 and a twelve month high of $35.17. The stock has a market cap of $11.48 billion, a PE ratio of 14.53 and a beta of 1.10. The business’s 50 day moving average is $30.31 and its 200-day moving average is $30.50. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.70. The company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.70 EPS. On average, analysts predict that Interpublic Group of Companies will post 2.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

IPG has been the topic of several research analyst reports. BNP Paribas cut shares of Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research note on Monday, September 30th. Macquarie reiterated a “neutral” rating and set a $31.00 price objective on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Barclays cut their target price on Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. cut Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $36.00 to $33.00 in a research report on Tuesday, October 1st. Finally, Bank of America cut their price objective on Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus 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.