Shutterstock Inc. SSTK 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 has fallen 11%.

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