Shutterstock raises quarterly dividend by 13% to 27 cents a share

Shutterstock Inc.
SSTK,
+3.88%
said Tuesday its board has agreed to raise its quarterly dividend by 13% to 27 cents a share. The new dividend will be payable March 15 to shareholders of record as of March 2. Shares of the stock photo provider were up about 1% premarket, but have fallen 35% in the last 12 months, while the S&P 500
SPX,
-1.30%
has fallen 11%.