Shutterstock Increases Quarterly Dividend By 11% to $0.30
Portfolio Pulse from Benzinga Newsdesk
Shutterstock, Inc. (NYSE: SSTK) has announced an 11% increase in its quarterly dividend to $0.30 per share, payable on March 14, 2024, to shareholders of record as of February 29, 2024. The previous dividend was $0.27 per share.
January 30, 2024 | 12:05 pm
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Shutterstock has declared an increased quarterly dividend of $0.30 per share, up 11% from the previous $0.27 per share, indicating a strong financial position and commitment to shareholder returns.
The increase in dividends is typically viewed positively by the market as it suggests confidence by the company's management in its financial stability and profitability. This action is likely to be seen as a commitment to returning value to shareholders, which can lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100