Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) Announces Dividend of $0.03

Key Points

• STRC declared a $0.03-per-share dividend, payable December 1 to shareholders of record November 30. The payout is 25% lower than the previous $0.04 dividend.
• Shares fell 0.3% to $98.87 during Thursday trading, with a 52-week range of $71.25 to $100.42 and a market capitalization of approximately $2.56 billion.
• Insiders have sold 14,100 shares worth $1.82 million over the past 90 days, while institutional investors own 26.02% of the company; Ethos Financial Group increased its stake by 198.7% in the first quarter.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Get Free Report) declared a dividend on Wednesday, October 21st. Investors of record on Monday, November 30th will be given a dividend of $0.03 per share on Tuesday, December 1st. The ex-dividend date is Monday, November 30th. This is a 25.0% decrease from Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock's previous dividend of $0.04.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Stock Down 0.3%

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock traded down $0.33 during midday trading on Thursday, hitting $98.87. 350,829 shares of the stock were exchanged, compared to its average volume of 2,322,478. 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 company has a market capitalization of $2.56 billion, a PE ratio of -21.98 and a beta of 3.25. The stock's 50-day simple moving average is $98.01.

Insider Buying and Selling

In other Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock news, Director Jarrod Patten sold 1,350 shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $156.16, for a total transaction of $210,816.00. Following the transaction, the director owned 28,406 shares of the company's stock, valued at $4,435,880.96. This trade represents a 4.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders have sold 14,100 shares of company stock valued at $1,815,669. Company insiders own 18.30% of the company's stock.

Hedge Funds Weigh In On Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock

An institutional investor recently raised its stake in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock. Ethos Financial Group LLC lifted its holdings in shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Free Report) by 198.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,530 shares of the company's stock after acquiring an additional 5,009 shares during the quarter. Ethos Financial Group LLC's holdings in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock were worth $753,000 at the end of the most recent quarter. Institutional investors and hedge funds own 26.02% of the company's stock.

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 is designed to help organizations access, analyze, visualize and distribute data for reporting, decision-making and operational oversight. The company serves business customers across a range of industries and supports deployments through cloud-based and other enterprise delivery models.

Strategy has also established a significant digital asset treasury strategy centered on bitcoin.

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