Shutterstock, Inc. Declares Cash Dividend, Payable on March 14, 2024
January 30, 2024 at 07:01 am
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Shutterstock, Inc. 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.
Shutterstock, Inc. (Shutterstock) is a provider of a global creative platform for connecting brands and businesses to quality content. The Companyâs offerings are distributed to customers in various ranges of brands, including Shutterstock, Pond5, TurboSquid, PicMonkey, PremiumBeat, Splash News, Bigstock, and Offset. Pond5 is a video-first content marketplace which expands the Companyâs content offerings across footage, image, and music. TurboSquid operates a marketplace that offers more than one million 3D models and a 2-dimensional (2D) marketplace derived from 3D objects. PicMonkey is an online graphic design and image editing platform. PremiumBeat offers music tracks and provides producers, filmmakers, and marketers the ability to search handpicked production music from the composers. Splash News provides editorial image and video content across celebrity. Its Shutterstock brand includes various content types and offerings, such as image, footage, music and editorial.