dividend
confidence high
sentiment positive
materiality 0.55
Shutterstock increases quarterly dividend 11% to $0.30 per share
Shutterstock, Inc.
- Board declared $0.30/share quarterly dividend, up from $0.27 (11% increase).
- Dividend payable on March 14, 2024 to stockholders of record Feb 29, 2024.
- CEO cites growth in operating profitability and cash flow as driver of increase.
- New dividend annualizes to $1.20 per share based on $0.30 quarterly rate.