Shutterstock, Inc. (SSTK) to Issue Quarterly Dividend of $0.36 on June 18th

Shutterstock, Inc. (NYSE:SSTK) declared a quarterly dividend on Monday, April 20th. Investors of record on Thursday, June 4th will be given a dividend of 0.36 per share by the business services provider on Thursday, June 18th. This represents a c) annualized dividend and a yield of 10.5%. The ex-dividend date is Thursday, June 4th.

Shutterstock has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 6 years. Shutterstock has a payout ratio of 54.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Shutterstock to earn $2.50 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 57.6%.

Shutterstock Price Performance

NYSE SSTK opened at $13.76 on Tuesday. The company has a market capitalization of $505.62 million, a PE ratio of -23.73 and a beta of 1.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.51 and a current ratio of 0.51. The business’s fifty day moving average is $16.66 and its 200 day moving average is $17.85. Shutterstock has a fifty-two week low of $13.40 and a fifty-two week high of $29.50.

About Shutterstock

Shutterstock, Inc (NYSE:SSTK) operates a leading global creative platform that provides royalty-free stock content to businesses, marketing agencies and media outlets. Its primary offerings include high-resolution photographs, vector graphics, illustrations, video footage and music tracks, all available through subscription plans or on-demand licensing. The platform also features customizable design tools and collaborative workspaces that enable customers to create and manage visual content more efficiently.

Founded in 2003 by Jon Oringer, Shutterstock began as an online marketplace offering a modest selection of images and quickly scaled its library to hundreds of millions of assets.