SSTK - Dividend announcements

New York, Jan. 30, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform connecting brands and businesses to high-quality content, today announced that its Board of Directors has declared a cash dividend of $0.30 per share of outstanding common stock on January 29, 2024, payable on March 14, 2024, to stockholders of record at the close of business on February 29, 2024. This represents an increase of approximately 11% over the previous quarterly dividend of $0.27 per share of outstanding common stock. Commenting on the announcement, Paul Henne

Share Repurchase Program Reflects Company's Strong Free Cash Flow Generation, Healthy Balance Sheet and Commitment to Delivering Shareholder Value NEW YORK, June 7, 2023 /PRNewswire/ -- Shutterstock, Inc. (NYSE:SSTK), a premier partner for transformative brands, digital media and marketing companies, today announced that its Board of Directors has approved a stock repurchase program, pursuant to which the Company is authorized to purchase up to $100 million of its common stock. The Company expects to fund repurchases through a combination of cash on hand, cash generated by operations and future financing transactions. Accordingly, the Company's stock repurchase program is subject to the Comp

NEW YORK, Jan. 31, 2023 /PRNewswire/ -- Shutterstock, Inc. (NYSE:SSTK) (the "Company"), the end-to-end creative partner that supercharges storytelling with creative and technological innovation, today announced that its Board of Directors has declared a cash dividend of $0.27 per share of outstanding common stock on January 30, 2023, payable on March 16, 2023, to stockholders of record at the close of business on March 2, 2023. This represents an increase of approximately 13% over the previous quarterly dividend of $0.24 per share of outstanding common stock.  Commenting on the announcement, Paul Hennessy, the Company's Chief Executive Officer, said, "The Board's decision to increase the qua

Our AI image generator allows anyone to create high-quality visuals by simply describing what they're looking for — worry-free, one-of-a-kind, and ready in seconds  NEW YORK, Jan. 25, 2023 /PRNewswire/ -- Shutterstock, Inc. (NYSE:SSTK), the world's leading creative platform for transformative brands and media companies, today announced the launch of its AI image generation platform, available to use by all Shutterstock customers globally in every language the site offers. The text-to-image technology converts prompts into larger-than-life, ethically created visuals ready for licensing. It is the latest addition to Creative Flow, Shutterstock's extensive toolkit that has been specifically de

Shutterstock to provide content for Meta's continued investment in AI NEW YORK, Jan. 12, 2023 /PRNewswire/ -- Shutterstock, Inc. (NYSE:SSTK), the leading global creative platform for transformative brands and media companies, will help fuel Meta's continued investment in AI. The expanded relationship reflects the commitment both companies have to being at the forefront of AI innovation, as well as the power of Shutterstock's expansive content library. "AI has the potential to drive an explosion of creativity," said Paul Hennessy, Chief Executive Officer at Shutterstock. "Shutt

By developing responsibly made AI tools built with designers and marketers in mind, Shutterstock leads the charge in streamlining the creative process for all Through its Contributor Fund, Shutterstock will continue to compensate artists for their contributions to the development of this new AI technology NEW YORK, Nov. 17, 2022 /PRNewswire/ -- Building on its promise to enable its users to produce their best work with incredible content and innovative tools, Shutterstock, Inc. (NYSE: SSTK), today announced its long-term partnership to advance AI-powered technology with LG AI Research. By combining Shutterstock's metadata and world-class content with LG AI Research's R&D capabilities, the co

Shutterstock powers innovation excellence by expanding OpenAI partnership focused on delivering the most advanced creative tools in the industryShutterstock supports its contributor base with launch of fund aimed at ensuring artists are rewarded for contributions to AI datasetsNEW YORK, Oct. 25, 2022 /PRNewswire/ -- Shutterstock, Inc. ("the Company") (NYSE:SSTK), the leading global creative platform for transformative brands and media companies, today unveiled its action plan to launch its AI-generated content capabilities in a manner that is responsible and transparent for its customers and contributors. In expanding its partnership with OpenAI, launching a fund to compensate artists for th

NEW YORK, Jan. 25, 2022 /PRNewswire/ -- Shutterstock, Inc. (NYSE:SSTK) (the "Company"), a leading global creative platform offering full-service solutions, high-quality content, and applications for brands, businesses and media companies, today announced that its Board of Directors has declared a cash dividend of $0.24 per share of outstanding common stock on January 24, 2022, payable on March 17, 2022, to stockholders of record at the close of business on March 3, 2022.  This represents an increase of approximately 14% over the previous quarterly dividend of $0.21 per share of outstanding common stock.

NEW YORK, Jan. 26, 2021 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK) (the "Company"), a leading global creative platform offering full-service solutions, high-quality content, and tools for brands, businesses and media companies, today announced that it entered into a definitive agreement to acquire TurboSquid, Inc., positioning Shutterstock as the world's largest 3D marketplace. The acquisition of TurboSquid establishes Shutterstock as the premium destination for 3D models. For over 20 years, TurboSquid has been a 3D industry leader, offering a unified 3D workflow, and operating a marketplace offering of more than one million 3D models, a 2D marketplace derived f