New
York, Jan. 30, 2024 /PRNewswire/
-- Shutterstock, Inc. (NYSE: SSTK), a leading global creative
platform connecting brands and businesses to high-quality content,
today announced that its Board of Directors has declared a cash
dividend of $0.30 per share of
outstanding common stock on January 29,
2024, payable on March 14,
2024, to stockholders of record at the close of business on
February 29, 2024. This represents an
increase of approximately 11% over the previous quarterly dividend
of $0.27 per share of outstanding
common stock.
Commenting on the announcement, Paul
Hennessy, the Company's Chief Executive Officer, said, "The
Board's decision to increase the quarterly dividend is
representative of the growth we have experienced in our operating
profitability and cash flow, and I am pleased that we are able to
continue fulfilling our commitment to return value to
stockholders."
ABOUT SHUTTERSTOCK
Shutterstock, Inc. (NYSE: SSTK) is a premier partner for
transformative brands, digital media and marketing companies,
empowering the world to create with confidence. Fueled by millions
of creators around the world and a fearless approach to product
innovation, Shutterstock is the leading global platform for
licensing from the most extensive and diverse collection of
high-quality 3D models, videos, music, photographs, vectors and
illustrations. From the world's largest content marketplace, to
breaking news and A-list entertainment editorial access, to
all-in-one content editing platform and studio production
service—all using the latest in innovative technology—Shutterstock
offers the most comprehensive selection of resources to bring
storytelling to life.
Learn more at www.shutterstock.com and follow us on
LinkedIn, Instagram, Twitter, Facebook and YouTube.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/shutterstock-increases-quarterly-dividend-by-11-to-0-30--302047681.html
SOURCE Shutterstock, Inc.
