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

Key Points

• STRC raised its dividend by 33.3%, from $0.03 to $0.04 per share. Shareholders of record on November 30 will receive payment on December 1, with November 30 listed as the ex-dividend date.
• Shares rose $0.35 to $99.06 in midday trading, near the stock’s 12-month high of $100.42. The company has a $2.57 billion market capitalization and a beta of 3.25.
• Insiders sold 14,100 shares worth $1.82 million over the past three months, while institutional investors and hedge funds own 26.02% of the stock; Sterling Investment Advisors recently purchased a new 2,525-share position.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Get Free Report) declared a dividend on Tuesday, October 20th. Stockholders 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 Price Performance

Shares of NASDAQ:STRC traded up $0.35 during midday trading on Wednesday, reaching $99.06. 282,531 shares of the company's stock were exchanged, compared to its average volume of 2,326,030. The business has a 50 day moving average price of $97.93. Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock has a 12 month low of $71.25 and a 12 month high of $100.42. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of -22.01 and a beta of 3.25.

Insider Transactions at Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock

In related news, Director Jarrod Patten sold 2,775 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $125.33, for a total value of $347,790.75. Following the completion of the transaction, the director owned 28,406 shares of the company's stock, valued at $3,560,123.98. This represents a 8.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 14,100 shares of company stock valued at $1,815,669 over the last three months. Corporate insiders own 18.30% of the company's stock.

Institutional Investors Weigh In On Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock

A hedge fund recently bought a new position in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock. Sterling Investment Advisors Ltd. acquired a new stake in shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 and hedge funds.

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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