On May 25, 2023, Interpublic Group Of Cos. announced that it will pay a regular quarterly dividend of $0.31 per share ($1.24 annualized). The company has maintained its previous dividend of $0.31 per share. Shareholders must purchase shares before the ex-dividend date of June 5, 2023, to be eligible for the dividend. The payment will be made on June 20, 2023, to shareholders of record as of June 6, 2023. The stock’s dividend yield is 3.29% at the current share price of $37.71/share.
Looking back at the past five years, the average dividend yield is 4.05%, with the lowest being 2.79% and the highest being 7.92%. Meanwhile, the standard deviation of yields is 0.92 (n=237). The current dividend yield is 0.83 standard deviations below the historical average. The company’s dividend payout ratio is 0.53, indicating that more than half of its income is paid out in dividends.
Interpublic Group Of Cos. has demonstrated an increase in its dividend over time, with a 3-Year dividend growth rate of 0.22%. Companies with fewer growth prospects are typically expected to pay out most of their income in dividends, typically translating to a payout ratio between 0.5 and 1.0.
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There are 1486 funds or institutions reporting positions in Interpublic Group Of Cos., representing an increase of 13 owner(s) or 0.88% in the last quarter. The portfolio weight of all funds dedicated to IPG is 0.27%, increasing by 21.51%. Total shares owned by institutions increased in the last three months by 1.35% to 434,166K shares. The put/call ratio of IPG is 0.94, indicating a bullish outlook.
As of May 11, 2023, the average one-year price target for Interpublic Group Of Cos. is $41.21, representing an increase of 9.28% from its latest reported closing price of $37.71. The projected annual revenue for the company is $9,459MM, a 0.64% increase. Meanwhile, the projected annual non-GAAP EPS is 2.65.
Some top shareholders of the company include Bank of New York Mellon, Harris Associates L P, VTSMX – Vanguard Total Stock Market Index Fund Investor Shares, Black Creek Investment Management, and Invesco.
Interpublic Group of Companies Inc. consists of several major global brands, including Acxiom, Craft, FCB, FutureBrand, Golin, Huge, Initiative, Jack Morton, Kinesso, MAGNA, Matterkind, McCann, Mediahub, Momentum, MRM, MullenLowe Group, Octagon, R/GA, UM, and Weber Shandwick.
Key filings for this company are available at Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.