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NEW YORK Omnicom Group today said its board of directors authorized a two-for-one stock split in the form of a 100 percent stock dividend.
All shareholders at the close of business on June 6 will receive one additional share for each share held on that date. The split will be distributed on June 25.
Omnicom’s board also declared a quarterly dividend of 15 cents per outstanding share of its common stock following the completion of the stock split, an increase of 20 percent from the previous split-adjusted quarterly cash dividend of 12.5
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