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NEW YORK - Interpublic Group (NYSE:IPG) declared a quarterly dividend of $0.33 per share on its common stock, payable on March 17, 2025, to shareholders on record as of March 3, 2025. The company has maintained dividend payments for 14 consecutive years, with the current yield standing at 4.86%. The company’s Board of Directors also authorized a new stock repurchase program, allowing the buyback of up to $155 million of IPG common stock.
This new repurchase program is additional to the remaining amount under the 2024 authorization and may be carried out via various methods, including open market purchases and derivative transactions. The program does not have a set expiration date and will be influenced by market conditions and corporate funding needs.
The announcement aligns with the terms of the merger agreement with Omnicom Group Inc (NYSE:OMC)., dated December 8, 2024. Interpublic, a global provider of marketing solutions, operates well-known brands such as Acxiom and McCann, and reported revenues of $10.7 billion in 2024. With a P/E ratio of 12.7 and an overall financial health score rated as "GOOD" by InvestingPro, the company maintains a moderate level of debt while remaining profitable over the last twelve months. The information is based on a press release statement and InvestingPro analysis.
In other recent news, Interpublic Group of Companies reported fourth-quarter results that did not meet analyst expectations. The advertising and marketing services company disclosed adjusted earnings per share of $1.11, falling short of the consensus estimate of $1.17. Revenue was reported at $2.43 billion, under the $2.53 billion analysts had predicted.
Further, Interpublic Group’s revenue before billable expenses decreased 5.9% YoY to $2.43 billion. Organic revenue, which excludes currency effects and acquisitions/divestitures, saw a decline of 1.8% compared to the prior year period. Despite these challenges, the company is aiming for an adjusted EBITA margin of 16.6% for 2025, with a cost savings program expected to yield approximately $250 million in savings.
In addition, the company has maintained its quarterly dividend at $0.33 per share. These are among the recent developments for Interpublic Group.
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