08:20 AM EST, 02/12/2025 (MT Newswires) -- Interpublic Group of Companies ( IPG ) said Wednesday its board has authorized a new stock buyback plan of up to $155 million of the company's common shares.

The authorization is in addition to any amounts remaining for buyback under the plan announced last year, the advertising company said.

Interpublic also said its board maintained its quarterly dividend at $0.33 per share, payable March 17 to shareholders of record as of March 3.

Shares of the company were down 1.4% in recent premarket activity.