Advertising giant Interpublic Group said Friday it is raising its quarterly dividend by 20% to 18 cents a share. The company said the new dividend will be payable March 15 to holders of record as of March 1. The company also unveiled a new $300 million share buyback program. Shares rose 3% premarket and are up 14% in the last 12 months, while the S&P 500 has gained 25%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News