Interpublic Initiates Quarterly Dividend; Announces Share Repurchase Program of up to $300M

Interpublic IPG today announced that on February 24, 2011, the company's Board of Directors initiated a quarterly dividend on IPG common stock and declared a common stock cash dividend of $0.06 per share, payable on March 25, 2011 to holders of record at the close of business on March 11, 2011. The company also announced that on February 24, 2011 the Interpublic Board of Directors authorized a program to repurchase from time to time up to $300 million of IPG common stock.