Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) Announces Dividend of $0.06

Key Points

• STRC raised its dividend by 50%, announcing a payment of $0.06 per share for shareholders of record on November 10, payable November 12.
• The stock fell $1.12 to $98.87 in Friday trading, with a one-year range of $71.25 to $100.42 and a market capitalization of approximately $2.56 billion.
• Insiders sold 10,200 shares worth about $1.44 million over the past three months, while institutional investors own 26.02% of the stock.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Get Free Report) announced a dividend on Thursday, October 29th. Investors of record on Tuesday, November 10th will be paid a dividend of $0.06 per share on Thursday, November 12th. The ex-dividend date is Tuesday, November 10th. This is a 50.0% increase 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 Price Performance

STRC stock traded down $1.12 during trading on Friday, reaching $98.87. The stock had a trading volume of 1,476,797 shares, compared to its average volume of 2,299,215. Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock has a one year low of $71.25 and a one year high of $100.42. The stock has a 50 day moving average price of $98.50. The stock has a market cap of $2.56 billion, a P/E ratio of -21.98 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 2,775 shares of the business's stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $125.33, for a total transaction of $347,790.75. Following the sale, the director directly owned 28,406 shares in the company, valued at approximately $3,560,123.98. The trade was a 8.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 10,200 shares of company stock valued at $1,443,356 in the last three months. 18.30% of the stock is currently owned by insiders.

Institutional Trading of 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. bought a new position in shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,525 shares of the company's stock, valued at approximately $214,000. Hedge funds and other institutional investors own 26.02% of the company's stock.

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.

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