The Interpublic Group of Companies, Inc. (IPG) To Go Ex-Dividend on December 2nd

The Interpublic Group of Companies, Inc. (NYSE:IPG) announced a quarterly dividend on Monday, October 28th,Zacks Dividends 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 yield of 4.28%. The ex-dividend date of this dividend 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 increased its dividend annually for the last 13 consecutive years. Interpublic Group of Companies has a payout ratio of 47.5% indicating that its dividend is sufficiently covered by earnings. 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

NYSE:IPG opened at $30.81 on Friday. The firm has a 50-day moving average of $30.31 and a two-hundred day moving average of $30.50. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market cap of $11.48 billion, a P/E ratio of 14.53 and a beta of 1.10. Interpublic Group of Companies has a 1-year low of $26.88 and a 1-year high of $35.17.

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

Analyst Ratings Changes

Several analysts recently issued reports on IPG shares. UBS Group cut shares of Interpublic Group of Companies from a “neutral” rating to a “sell” rating and cut their price target for the company from $34.00 to $29.00 in a report on Thursday, September 12th. StockNews.com raised shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. BNP Paribas lowered Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a report on Monday, September 30th. Wells Fargo & Company reiterated an “underweight” rating and issued a $26.00 target price (down previously from $28.00) on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. Finally, Barclays dropped their price target on Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $30.57.

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.