Shutterstock suspends quarterly dividend to focus on debt reduction and financial flexibility

New York – Shutterstock, Inc. announced on July 22, 2026, that its Board of Directors has resolved to suspend future quarterly cash dividend payments. The decision, made by the Board on July 20, reflects a strategic shift in capital allocation priorities.

The company intends to focus on deploying capital to support long-term shareholder value creation. Key objectives include reducing corporate debt, minimizing associated interest expenses, and enhancing overall financial flexibility.

Shutterstock's Board will continue to evaluate capital allocation strategies as part of its regular governance process. Any future decisions regarding dividend payments will remain at the Board's discretion, contingent upon the company's financial performance and other relevant factors.

Shutterstock provides scalable creative and generative AI solutions, offering customers access to a vast collection of licensable assets, specialized training datasets for AI models, and strategic partnerships for model development.