Shutterstock announces dividend of $0.33 per share

NEW YORK - Shutterstock , Inc. (NYSE:SSTK), a leading global technology company offering a creative platform for high-quality assets, tools, and services, announced a cash dividend yesterday. The company’s Board of Directors has declared a dividend of $0.33 per common share, maintaining its track record of five consecutive years of dividend increases. The current dividend yield stands at 4.16%, according to InvestingPro data.

The dividend is payable on March 20, 2025, to shareholders of record at the close of business on March 6, 2025. This announcement follows Shutterstock’s consistent practice of returning value to its shareholders through periodic dividends. The company’s stock, currently trading near its 52-week low at $28.83, has experienced a 9.74% decline over the past week.

This financial event was disclosed in a Form 8-K filing with the Securities and Exchange Commission (SEC), as required by United States securities regulations. The filing confirms the company’s commitment to its dividend policy and provides shareholders with the relevant dates for the dividend distribution.

Shutterstock, headquartered at 350 Fifth Avenue, 20th Floor, New York, NY, operates within the computer processing and data preparation services industry. With a market capitalization of $1 billion, the company appears undervalued according to InvestingPro’s Fair Value analysis. The company is incorporated in Delaware and is subject to the regulatory framework of the SEC, under which it regularly reports significant corporate events.

The declaration of dividends is often seen as a positive signal to the market, reflecting a company’s stable earnings and confidence in its financial position. For deeper insights into Shutterstock’s financial health and more exclusive ProTips, access the comprehensive Pro Research Report available on InvestingPro.

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