Interpublic Group Of Cos. (IPG) declares a dividend of $0.31
Interpublic Group Of Cos. declared on May 25, 2023 that its board of directors had declared a regular quarterly dividend of $0.31 per share ($1.24 annualized). Previously, the company paid $0.31 per share.
Shares must be purchased before the ex-div date of June 5, 2023 to be eligible for the dividend. Shareholders of record as of June 6, 2023 will receive payment on June 20, 2023.
At the current share price of $37.71/share, the dividend yield of the stock is 3.29%.
Looking back five years and taking a sample each week, the average dividend yield was 4.05%, the low 2.79% and the high 7.92%. The standard deviation of returns is 0.92 (n=237).
The current dividend yield is 0.83 standard deviations below the historical average.
Additionally, the company’s dividend payout ratio is 0.53. The payout ratio tells us how much of a company’s income is paid out as dividends. A payout ratio of one (1.0) means that 100% of the company’s income is paid out as dividends. A payout ratio above one means the company is dipping into its savings to maintain its dividend, which is not a healthy situation. Companies with little growth prospects should pay most of their income in the form of dividends, which generally means a payout ratio between 0.5 and 1.0. Companies with good growth prospects should retain part of their profits in order to invest in these growth prospects, which translates into a payout ratio of zero to 0.5.
The company’s 3-year dividend growth rate is 0.22%, demonstrating that it has increased its dividend over time.
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What is fund sentiment?
There are 1486 funds or institutions reporting positions in Interpublic Group Of Cos.. This is an increase of 13 owners or 0.88% over the last quarter. Average portfolio weight of all funds dedicated to IPG is 0.27%, an increase of 21.51%. The total number of shares held by institutions has increased over the past three months by 1.35% to 434,166,000 shares. IPG’s put/call ratio is 0.94, indicating a bullish outlook.
Analyst price forecast suggests 9.28% upside
As of May 11, 2023, the one-year average price target for Interpublic Group Of Cos. is 41.21. The forecast ranges from a low of 37.37 to a high of $47.25. The average price target represents a 9.28% increase from its last published closing price of 37.71.
Check out our ranking of companies with the biggest upward price target.
The expected annual turnover for Interpublic Group Of Cos. is 9,459 million, an increase of 0.64%. Projected annual non-GAAP EPS is 2.65.
What are the other shareholders doing?
Bank of New York Mellon owns 14,127,000 shares representing 3.66% ownership of the company. In its previous filing, the company stated that it held 13,772,000 shares, representing a raise 2.52%. The company decreases its portfolio allocation in IPG by 87.36% in the last quarter.
Harris Associates LP owns 13,934,000 shares representing 3.61% ownership of the company. In its previous filing, the company said it held 14,129,000 shares, representing a decrease 1.40%. The company increase its portfolio allocation in IPG by 3.49% in the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares owns 11,921,000 shares representing 3.09% ownership of the company. In its previous filing, the company said it held 11,799,000 shares, representing a raise by 1.02%. The company increase its portfolio allocation in IPG by 4.29% in the last quarter.
Black Creek Investment Management holds 10,797,000 shares representing 2.80% ownership of the company. In its previous filing, the company stated that it holds 11,362,000 shares, representing a decrease of 5.23%. The company decreases its IPG portfolio allocation of 8.29% over the last quarter.
Invesco holds 10,064,000 shares representing 2.61% ownership of the company. In its previous filing, the company said it held 8,948,000 shares, representing a raise of 11.09%. The company decreases its portfolio allocation in IPG of 88.92% in the last quarter.
Interpublic Group Of Cos. General informations
(This description is provided by the company.)
Interpublic Group of Companies Inc. is values-based, data-driven and creativity-driven. Major global brands include Acxiom, Craft, FCB (Foote, Cone & Belding), FutureBrand, Golin, Huge, Initiative, Jack Morton, Kinesso, MAGNA, Matterkind, McCann, Mediahub, Momentum, MRM, MullenLowe Group, Octagon, R/ GA, UM and Weber Shandwick. Other top brands include Avrett Free Ginsberg, Campbell Ewald, Carmichael Lynch, Deutsch, Hill Holliday, ID Media and The Martin Agency.
Key deposits for this company:
This story originally appeared on Fintel.
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