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

The Interpublic Group of Companies, Inc. (NYSE:IPG) announced a quarterly dividend on Wednesday, July 31st, Wall Street Journal reports. Investors of record on Tuesday, September 3rd will be paid a dividend of 0.33 per share by the business services provider on Tuesday, September 17th. This represents a $1.32 annualized dividend and a dividend yield of 4.10%. The ex-dividend date is Tuesday, September 3rd.

Interpublic Group of Companies has raised its dividend 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 44.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Interpublic Group of Companies to earn $2.97 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 44.4%.

Interpublic Group of Companies Stock Up 0.6 %

Shares of Interpublic Group of Companies stock opened at $32.17 on Thursday. The firm has a market cap of $12.08 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 3.40 and a beta of 1.12. The stock has a 50-day simple moving average of $29.97 and a 200-day simple moving average of $31.22. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.07 and a quick ratio of 1.06. Interpublic Group of Companies has a 52-week low of $27.20 and a 52-week high of $35.24.

Interpublic Group of Companies (NYSE:IPG) last posted its earnings results on Wednesday, July 24th. The business services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.59 by $0.02. The firm had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.33 billion. Interpublic Group of Companies had a net margin of 9.46% and a return on equity of 27.98%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 earnings per share. On average, equities research analysts expect that Interpublic Group of Companies will post 2.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

IPG has been the topic of several research analyst reports. Morgan Stanley downgraded Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $34.00 to $28.00 in a research report on Monday, July 22nd. Wells Fargo & Company reduced their price objective on Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday, April 25th. Barclays dropped their target price on shares of Interpublic Group of Companies from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 25th. Macquarie decreased their price target on shares of Interpublic Group of Companies from $33.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Interpublic Group of Companies from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $34.13.

About Interpublic Group of Companies

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.