Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) Announces Dividend of $0.50

Key Points

• STRC declared a $0.50-per-share dividend; shareholders of record on October 31 will be paid on November 15, with October 30 as the ex-dividend date.
• Shares recently traded at $99.41, near their 52-week high of $100.42, with a market capitalization of approximately $2.57 billion.
• Insiders have sold 11,350 shares worth $1.39 million over the past 90 days, while institutional investors own 26.02% of the stock; Ethos Financial Group nearly tripled its stake in the first quarter.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Get Free Report) declared a dividend on Wednesday, September 30th. Shareholders of record on Saturday, October 31st will be paid a dividend of $0.50 per share on Sunday, November 15th. The ex-dividend date is Friday, October 30th.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Stock Performance

Shares of STRC traded down $0.09 during mid-day trading on Friday, hitting $99.41. 1,821,576 shares of the company's stock were exchanged, compared to its average volume of 2,380,274. Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock has a fifty-two week low of $71.25 and a fifty-two week high of $100.42. The company has a market capitalization of $2.57 billion, a P/E ratio of -22.09 and a beta of 3.25. The company has a 50-day moving average of $95.86.

Insiders Place Their Bets

In related news, Director Jarrod Patten sold 475 shares of the business's stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $171.00, for a total value of $81,225.00. Following the completion of the sale, the director owned 28,406 shares of the company's stock, valued at approximately $4,857,426. The trade was a 1.64% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold 11,350 shares of company stock worth $1,393,439 in the last ninety days. Company insiders own 18.30% of the company's stock.

Institutional Investors 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.

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 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.

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