- 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.
Related Posts
Truist Securities Maintains Buy on Five Below, Raises Price Target to $217
Truist Securities analyst Scot Ciccarelli maintains Five Below (NASDAQ:FIVE) with a Buy and raises the price target from $196 to $217.
What’s Going On With CrowdStrike Holdings Stock?
CrowdStrike Holdings, Inc. (NASDAQ: CRWD) shares are trading higher Tuesday in sympathy with Datadog Inc. (NASDAQ: DDOG), after the company reported
