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

The Interpublic Group of Companies, Inc. (NYSE:IPG) declared a quarterly dividend on Wednesday, February 12th,RTT News reports. Investors of record on Monday, March 3rd will be paid a dividend of 0.33 per share by the business services provider on Monday, March 17th. This represents a $1.32 annualized dividend and a dividend yield of 4.98%.

Interpublic Group of Companies has raised its dividend payment by an average of 6.9% per year over the last three years and has raised its dividend every year for the last 13 years. Interpublic Group of Companies has a dividend payout ratio of 46.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Interpublic Group of Companies to earn $2.70 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 48.9%.

Interpublic Group of Companies Stock Down 2.5 %

Shares of Interpublic Group of Companies stock traded down $0.69 during midday trading on Wednesday, hitting $26.48. The company had a trading volume of 444,983 shares, compared to its average volume of 4,709,346. Interpublic Group of Companies has a 52-week low of $26.30 and a 52-week high of $35.17. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $9.87 billion, a P/E ratio of 12.50 and a beta of 1.11. The company has a 50 day moving average of $28.50 and a 200 day moving average of $29.94.

Interpublic Group of Companies (NYSE:IPG) last issued its earnings results on Wednesday, February 12th. The business services provider reported $1.11 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.04). Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. On average, equities analysts predict that Interpublic Group of Companies will post 2.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on IPG shares. JPMorgan Chase & Co. raised shares of Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $32.00 to $39.00 in a report on Monday, January 27th. StockNews.com started coverage on shares of Interpublic Group of Companies in a report on Wednesday, February 5th. They issued a “hold” rating on the stock. Macquarie reaffirmed a “neutral” rating and set a $31.00 target price on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Barclays raised shares of Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $32.00 to $36.00 in a research report on Friday, January 24th. Finally, BNP Paribas upgraded Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $33.75.

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.