Interpublic Group Of Companies Hikes Quarterly Dividend By 9% - Quick Facts

(RTTNews) - While reporting its financial results for the fourth quarter on Wednesday, Interpublic Group of Companies Inc. (IPG) said its board of directors approved a 9 percent increase in the quarterly dividend.

The company's board of directors declared a common stock cash dividend of $0.255 per share, payable quarterly to holders of record on an ongoing basis. During 2019, the company paid four quarterly cash dividends of $0.235 per share on its common stock.

For fiscal 2020, IPG projects organic growth of 3 percent and to further improve EBITA margin by an additional 20 basis points.