Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) Announces Dividend Increase - $0.04 Per Share

Key Points

• STRC raised its dividend by 33.3%, increasing the payment to $0.04 per share from $0.03. Shareholders of record on November 30 will receive the dividend on December 1.
• Shares traded 0.4% higher at $99.02, with a 52-week range of $71.25 to $100.42 and a market capitalization of approximately $2.56 billion.
• Strategy operates an enterprise analytics software business and also pursues a bitcoin-focused treasury strategy, using capital markets activities to acquire and hold bitcoin.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Get Free Report) declared a dividend on Monday, October 19th. Shareholders of record on Monday, November 30th will be paid a dividend of $0.04 per share on Tuesday, December 1st. The ex-dividend date is Monday, November 30th. This is a 33.3% increase from Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock's previous dividend of $0.03.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Trading Up 0.4%

NASDAQ:STRC traded up $0.40 during trading hours on Tuesday, reaching $99.02. 143,533 shares of the company were exchanged, compared to its average volume of 2,331,276. Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock has a 52-week low of $71.25 and a 52-week high of $100.42. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of -22.00 and a beta of 3.25. The company's 50 day moving average is $97.86.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Company Profile

Strategy Inc, formerly known as MicroStrategy Incorporated, develops enterprise analytics and business intelligence software. Its platform helps organizations collect, analyze and visualize data for reporting, decision-making and operational planning. The company serves businesses and other institutions across a range of industries and geographic markets.

Strategy has also adopted a digital asset strategy centered on bitcoin. In addition to continuing its software operations, the company uses its corporate capital markets activities to acquire and hold bitcoin as a primary treasury reserve asset.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.