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 today that its Board of Directors has declared a quarterly cash dividend.

The company will pay a dividend of $0.33 per common share. This dividend is payable on June 19, 2025, to shareholders of record at the close of business on June 5, 2025.

This declaration follows Shutterstock’s consistent practice of returning value to its shareholders and reflects the company’s confidence in its financial strength and commitment to its dividend policy.

Shutterstock, headquartered in New York City, operates in the computer processing and data preparation industry, under the organizational name 06 Technology. The company has been incorporated in Delaware and is recognized for its vast and vibrant collection of images, videos, music, and editorial assets.

The announcement of the dividend is made in compliance with the Securities Exchange Act of 1934 and is documented in the company’s Form 8-K filing with the Securities and Exchange Commission (SEC), dated today.

Investors may view the official SEC filing for complete details of the dividend declaration. The information provided in this article is based on Shutterstock’s press release statement.

In other recent news, Shutterstock announced a dividend of $0.33 per share, payable on March 20, 2025, to shareholders recorded by March 6, 2025. This move aligns with the company’s ongoing strategy to return value to its shareholders. In the financial realm, Shutterstock’s fourth-quarter results did not meet Wall Street expectations, primarily due to foreign exchange headwinds, although revenue and adjusted EBITDA for 2024 hit management’s mid-point guidance. The company reported a 15% revenue increase, bolstered by strong performance in its Content and Digital Design Services divisions and the acquisition of Envato, leading to a 24% adjusted EBITDA margin.

Analyst actions followed these developments, with Needham reducing its price target for Shutterstock from $45 to $30, yet maintaining a Buy rating. Needham’s adjustment reflects a reassessment of Shutterstock’s valuation, considering less favorable organic content trends. Meanwhile, Truist Securities downgraded Shutterstock from Buy to Hold, citing uncertainties surrounding the merger with Getty Images and the absence of 2025 financial guidance. Despite these challenges, Shutterstock continues its shareholder-friendly policies, including stock buybacks and dividends.

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