Shutterstock declares quarterly dividend of $0.24 per share
September 1, 2022
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Shutterstock, Inc. Intrinsic Value – SHUTTERSTOCK,($NYSE:SSTK): Shutterstock has declared a quarterly dividend of $0.24 per share, which is in line with its previous dividend. The dividend is payable on September 15 to shareholders of record on September 1, and the ex-dividend date is August 31. This dividend will not have a significant impact on Shutterstock’s market or earnings in the long term.
On Tuesday, SHUTTERSTOCK, INC. stock opened at $57.3 and closed at $55.7.
VI Analysis – Shutterstock, Inc. Intrinsic Value
Shutterstock, Inc is a global technology company that operates a marketplace for commercial digital imagery, videos and music. The company offers a variety of services, including subscription and credit-based plans, as well as image licensing for original work. Shutterstock also provides a range of tools and services for businesses and individuals to create and manage digital content. Shutterstock’s fundamentals reflect its long-term potential. The intrinsic value of Shutterstock’s shares is around $78.3, calculated by VI Line. This is based on the company’s strong fundamentals and long-term growth potential.
However, the shares are currently trading at $55.7, which means they are undervalued by 29%.
Shutterstock, Inc , a leading global technology company offering a creative platform for high-quality assets, tools and services, today announced that its Board of Directors has declared a quarterly cash dividend of $0.24 per share. “We are pleased to announce our fourth consecutive quarterly dividend,” said Jon Oringer, Founder and CEO of Shutterstock. Shutterstock is a leading global provider of high-quality licensed photographs, vectors, illustrations, videos and music to businesses, marketing agencies and media organizations around the world.
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