Omnicom Group Inc. Increases Stock Dividend by 7.7% to $0.70 Per Share

Rhea-AI Summary

Omnicom Group has announced a quarterly cash dividend increase to $0.70 per share, representing a 7.7% rise from the previous $0.65 dividend. The annualized dividend will therefore amount to $2.80 per share.

The increased dividend will be paid on April 8, 2021, to shareholders recorded as of March 10, 2021. This decision reflects the company’s confidence in its financial health and commitment to returning value to shareholders.

Positive

• Dividend increased by 7.7% to $0.70 per share
• Annualized dividend now $2.80 per share
• Reflects strong financial health and commitment to shareholders

Negative

• None.

NEW YORK, Feb. 18, 2021 /PRNewswire/ -- The Board of Directors of Omnicom Group Inc. (NYSE: OMC) increased the corporation's quarterly cash dividend to $0.70 per common share, or $2.80 per share of common stock on an annual basis. This represents a 7.7% increase versus the prior quarterly dividend of $0.65 per share, or $2.60 on an annual basis. The increased dividend is payable on April 8, 2021 to Omnicom Group common shareholders of record at the close of business on March 10, 2021.

ABOUT OMNICOM GROUP INC. 
Omnicom Group (www.omnicomgroup.com) is a leading global marketing and corporate communications company.  Omnicom's branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 70 countries. Follow us on Twitter for the latest news.

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SOURCE Omnicom Group Inc.

FAQ

What is the new dividend amount for Omnicom Group (OMC)?

Omnicom Group has increased its quarterly cash dividend to $0.70 per share.

When will the dividend be paid to Omnicom Group (OMC) shareholders?

The dividend will be payable on April 8, 2021.

What was the previous dividend amount for Omnicom Group (OMC)?

The previous quarterly dividend was $0.65 per share.

What is the annualized dividend for Omnicom Group (OMC) now?

The annualized dividend is now $2.80 per share.

What is the record date for Omnicom Group (OMC) dividend payment?

The record date for the dividend payment is March 10, 2021.