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

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

Interpublic Group of Companies has increased its dividend by an average of 6.9% annually over the last three years and has increased 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. 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 IPG stock traded down $0.69 during mid-day trading on Wednesday, hitting $26.48. 444,983 shares of the stock traded hands, compared to its average volume of 4,709,346. The stock’s fifty day moving average is $28.50 and its two-hundred day moving average is $29.94. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09. Interpublic Group of Companies has a 52-week low of $26.30 and a 52-week high of $35.17. The stock has a market cap of $9.87 billion, a P/E ratio of 12.50 and a beta of 1.11.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on IPG shares. 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. JPMorgan Chase & Co. upgraded 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 research report on Monday, January 27th. Wells Fargo & Company raised shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $26.00 to $34.00 in a report on Tuesday, December 10th. StockNews.com began coverage on Interpublic Group of Companies in a research report on Wednesday, February 5th. They set a “hold” rating for the company. Finally, Barclays upgraded Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $32.00 to $36.00 in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $33.75.

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.