HomeNews & updatesShutterstock raises quarterly dividend by 14% - MarketWatch

Shutterstock raises quarterly dividend by 14% – MarketWatch

Shutterstock Inc. SSTK, -0.10% announced a 14% dividend rise on Tuesday to 24 cents per share, payable on March 17 to shareholders of record as of the close of business on March 3. Shutterstock shares have rallied 34.6% over the past year, outpacing the S&P 500 index SPX, -0.41%, which is up 14.4% for the period.
The key for markets will be what signals Fed Chairman Jerome Powell sends about the prospects for future rate increases.
Tonya Garcia is a MarketWatch reporter covering retail and consumer-oriented companies. You can follow her on Twitter @tgarcianyc. She is based in New York. Tonya joined MarketWatch from Moguldom Media, where she was business editor for MadameNoire, a website targeting African-American women with a range of content from personal finance to economics, politics, education and lifestyle and entertainment. She also worked at Mediabistro, and previously handled media relations for MSLGroup’s consumer practice.
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