Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) Announces Dividend of $0.04

Key Points

• STRC declared a $0.04-per-share dividend, a 33.3% increase from the previous $0.03 distribution. Investors of record on November 30 will receive payment on December 1.
• The stock’s ex-dividend date is November 30, meaning investors who purchase shares on or after that date will not receive the upcoming dividend.
• STRC shares rose 0.4% to $99.15, trading near the $100 target and close to their 52-week high of $100.42.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Get Free Report) announced a dividend on Tuesday, October 20th. Shareholders of record on Monday, November 30th will be given 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 Stock Up 0.5%

Shares of NASDAQ:STRC traded up $0.47 on Wednesday, reaching $99.18. 609,729 shares of the company's stock were exchanged, compared to its average volume of 2,328,332. The company's fifty day moving average price is $97.93. Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock has a twelve month low of $71.25 and a twelve month high of $100.42. The firm has a market cap of $2.57 billion, a P/E ratio of -22.04 and a beta of 3.25.

Insider Buying and Selling at Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock

In related news, Director Jarrod Patten sold 1,350 shares of the business's stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $156.16, for a total value of $210,816.00. Following the completion of the sale, the director directly owned 28,406 shares in the company, valued at approximately $4,435,880.96. The trade was a 4.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold 14,100 shares of company stock valued at $1,815,669 in the last three months. 18.30% of the stock is currently owned by insiders.

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

A hedge fund recently bought a new stake in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock. Sterling Investment Advisors Ltd. acquired a new stake in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 2,525 shares of the company's stock, valued at approximately $214,000. 26.02% of the stock is owned by institutional investors.

About Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock

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.

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.