Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

Shutterstock Hikes Quarterly Dividend By 13%

Shutterstock, Inc (NYSE:SSTK) boosts quarterly dividend per share by 12.5% year-on-year to $0.27. CEO Paul Hennessy said, “The Board’s decision…
byAnusuya Lahiri
January 31, 2023
1 minute read
Total
0
Shares
0
0
0
0
0
0
  • Shutterstock, Inc (NYSE:SSTK) boosts quarterly dividend per share by 12.5% year-on-year to $0.27.
  • CEO Paul Hennessy said, “The Board’s decision to increase the quarterly dividend for the third consecutive year demonstrates the success we have had in driving margin expansion and the confidence we have in our future cash flows, and I am pleased that we are able to continue fulfilling our commitment to return value to stockholders.” 
  • Shutterstock’s free cash flow decreased 52% Y/Y to $21.4 million during the third quarter ended September 30.
  • Shutterstock held $76.2 million in cash and equivalents.
  • Price Action: SSTK shares traded higher by 6.76% at $77.19 on the last check Tuesday.
 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

FINMA Approves Merger Of UBS And Credit Suisse

By Charles Gross
March 19, 3:01 PM
The Swiss Financial Market Supervisory Authority FINMA has approved the takeover of Credit Suisse by UBS. FINMA welcomes the takeover solution and the measures taken by the Swiss Confederation and the Swiss National Bank SNB. The transaction and the measures taken will ensure stability for the bank's customers and for the financial centre.

CS