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Author Topic: Shutterstock increases its dividend to 24 cents  (Read 1392 times)

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« on: January 25, 2022, 18:29 »
+4
https://investor.shutterstock.com/news-releases/news-release-details/shutterstock-increases-quarterly-dividend-14-024-share

Shutterstock has raised the dividend per share from 21 cents to 24 cents for the next payout - March 17th for shareholders as of March 3rd.

And all contributors know where the extra cash is coming from :)

I'm not well versed in the whys and wherefores of a company changing its dividend amount, but I had a read of this explanation:

https://www.investopedia.com/articles/investing/091015/how-dividends-affect-stock-prices.asp

SSTK (Shutterstock's stock) has been dropping of late - not just in the big selloff in the US stock market in the last week or so. It closed today at $93.71, down quite a bit from its high of $128.36 in November, although up a lot from $70 at the beginning of Feb 2021. (Edited to add SSTK was $89.05 at close on Jan 27 2022). It's possible that management is hoping to nudge the stock price back up with the dividend announcement.

February 10 we get to find out their Q4 earnings.
« Last Edit: January 27, 2022, 17:52 by Jo Ann Snover »


marthamarks

« Reply #1 on: January 25, 2022, 22:08 »
+5

And all contributors know where the extra cash is coming from :)

No doubt everybody here who's still contributing to Shitterstock will rejoice and be glad for those fortunate stockholders!

« Reply #2 on: January 26, 2022, 06:55 »
+1
Interesting. Shutterstock's market cap's going down though, down a billion dollars from it's November high and roughly at the same level at it was at Feb 2021. I wonder how that's going to impact the company going forward.

« Reply #3 on: January 26, 2022, 18:32 »
0
in perspective, that dividend at .25% is a pittance (altho common for tech stocks) -- investors buy SS stock for capital gains, not for income.  there are plenty of better stocks paying 3-5%

SS doubled in the last year, but even w recent downturn is still up about 25%, similar to other tech stocks


 

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