Shutterstock, Inc. (SSTK) To Go Ex-Dividend on December 4th

Shutterstock, Inc. (NYSE:SSTK) announced a quarterly dividend on Wednesday, November 5th. Stockholders of record on Thursday, December 4th will be given a dividend of 0.33 per share by the business services provider on Thursday, December 18th. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend is Thursday, December 4th.

Shutterstock has a dividend payout ratio of 49.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Shutterstock to earn $3.46 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 38.2%.

Shutterstock Trading Down 0.8%

NYSE:SSTK traded down $0.17 on Tuesday, hitting $19.88. The stock had a trading volume of 9,675 shares, compared to its average volume of 396,298. The company has a fifty day moving average price of $22.38 and a two-hundred day moving average price of $20.62. The stock has a market cap of $705.94 million, a price-to-earnings ratio of 11.84 and a beta of 1.27. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.20. Shutterstock has a 1-year low of $14.35 and a 1-year high of $38.80.

Shutterstock (NYSE:SSTK) last released its quarterly earnings data on Wednesday, November 5th. The business services provider reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.48). The business had revenue of $260.09 million during the quarter, compared to analyst estimates of $255.60 million. Shutterstock had a net margin of 5.89% and a return on equity of 16.30%. The company’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.31 earnings per share. Equities research analysts expect that Shutterstock will post 3.12 earnings per share for the current fiscal year.

Shutterstock Company Profile

Shutterstock, Inc provides platform to connect brands and businesses to high quality content in North America, Europe, and internationally. The company offers image services consisting of photographs, vectors, and illustrations, which is used in visual communications, such as websites, digital and print marketing materials, corporate communications, books, publications, and others; footage services, including video clips, filmed by industry experts and cinema grade video effects in HD and 4K formats that are integrated into websites, social media, marketing campaigns, and cinematic productions; and music services comprising music tracks and sound effects, which are used to complement images and footage.