Shutterstock As of February 15, 2023 ticker dps (an.) 2023 hike 2022 hike 2021 hike
SSTK $1.08 12.5% 14.3% 23.5%
Business yield Hike yrs 5 yr CAGR freq. paid since
Internet & Direct Marketing Retail 1.4% 3 N/A Quarter 2020

On January 31, 2023, Shutterstock (SSTK) declared a dividend hike of 12.5% to $0.27 quarterly per share. This marks the third consecutive year of double digit dividend hikes by SSTK. The next SSTK dividend is payable on March 16, 2023, to stockholders of record at the close of business on March 2, 2023.

The new annual dividend rate of $1.08 per share will yield 1.5% to shareholders at a stock price of $72.30 for Shutterstock. The company now pays an estimated $39 million in dividends annually. Last year SSTK declared a dividend hike of 14.3%.

Shutterstock, Inc. is a global creative platform offering full-service solutions, high-quality content, and applications for brands, businesses, and media companies. Directly and through its group subsidiaries, Shutterstock's collection includes high-quality licensed photographs, vectors, illustrations, 3D models, videos and music. The Company also owns PicMonkey, a leading online graphic design and image editing platform; Offset, a high-end image collection; Shutterstock Studios, an end-to-end custom creative shop; PremiumBeat, a curated royalty-free music library; Shutterstock Editorial, a premier source of editorial images and videos for the world's media; TurboSquid, a leading 3D content marketplace; Amper Music, an AI-driven music platform; and Bigstock, a value-oriented stock media offering. Shutterstock started paying a dividend in 2020.

Dividend Calendar

Look at the complete list of upcoming events
Ex-date Ticker Yield YTD hike
Mar 28 COP 1.8% 0.0%
Mar 30 BEN 3.8% 0.0%
Mar 30 WTW 1.4% 2.4%
Mar 30 ITW 2.2% 0.0%
Mar 30 MDLZ 2.3% 0.0%
Mar 30 SYK 1.1% 0.0%
Mar 30 AVB 3.6% 3.8%
Mar 30 KDP 2.2% 0.0%
Mar 30 MPWR 0.8% 33.3%
Mar 31 CAH 2.5% 0.0%