Shutterstock, Inc. (SSTK) to Issue Quarterly Dividend of $0.36 on March 19th

Shutterstock, Inc. (NYSE:SSTK) declared a quarterly dividend on Monday, January 26th. Stockholders of record on Thursday, March 5th will be paid a dividend of 0.36 per share by the business services provider on Thursday, March 19th. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date is Thursday, March 5th. This is a 9.1% increase from Shutterstock’s previous quarterly dividend of $0.33.

Shutterstock has a dividend payout ratio of 49.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Shutterstock to earn $3.46 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 38.2%.

Shutterstock Stock Down 2.5%

NYSE:SSTK traded down $0.50 during mid-day trading on Wednesday, hitting $19.49. 188,225 shares of the company’s stock traded hands, compared to its average volume of 183,774. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market capitalization of $692.32 million, a P/E ratio of 11.60 and a beta of 1.27. The company has a fifty day moving average of $19.18 and a 200 day moving average of $20.68. Shutterstock has a twelve month low of $14.35 and a twelve month high of $32.00.

Shutterstock (NYSE:SSTK) last issued its quarterly earnings data on Wednesday, November 5th. The business services provider reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.48). Shutterstock had a return on equity of 16.30% and a net margin of 5.89%.The firm had revenue of $260.09 million for the quarter, compared to analyst estimates of $255.60 million. During the same period in the previous year, the business earned $1.31 EPS. Shutterstock’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, analysts forecast that Shutterstock will post 3.12 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. WealthCollab LLC increased its position in Shutterstock by 106.3% during the 2nd quarter. WealthCollab LLC now owns 1,452 shares of the business services provider’s stock worth $28,000 after buying an additional 748 shares during the period. Signaturefd LLC grew its holdings in shares of Shutterstock by 10,268.8% during the 2nd quarter. Signaturefd LLC now owns 1,659 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 1,643 shares during the last quarter. Osaic Holdings Inc. raised its position in Shutterstock by 150.6% in the second quarter. Osaic Holdings Inc. now owns 1,772 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 1,065 shares during the last quarter. EMC Capital Management bought a new stake in Shutterstock during the 2nd quarter worth approximately $36,000. Finally, GAMMA Investing LLC increased its holdings in Shutterstock by 71.8% in the second quarter. GAMMA Investing LLC now owns 1,996 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 834 shares during the period. 82.79% of the stock is owned by institutional investors.

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.