Shutterstock shares drop after firm halts dividend
22/07/2026 22:19
BUZZ-Shutterstock shares drop after firm halts dividend ** Shares of photo distributor Shutterstock SSTK.N down 9% at $6.82 in extended trading
** Company says it is suspending future quarterly cash dividends as it looks to redirect capital to strengthen its financial position and drive long-term shareholder value
** SSTK says the move is part of an ongoing review of its capital allocation priorities
** Company also says Chief Accounting Officer Steven Ciardiello will step down from the role, effective August 28
** Shares down 61% YTD
(Reporting by Koyena Das from Bengaluru)