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

Key Points

• STRC declared a quarterly dividend of $0.04 per share, payable December 1 to shareholders of record November 30. The payment represents a 33.3% increase from the previous $0.03 dividend.
• Shares rose 0.4% to $99.15, trading near the upper end of their 12-month range of $71.25 to $100.42. The stock has a market capitalization of approximately $2.57 billion.
• Director Jarrod Patten sold 1,350 shares valued at about $210,816, while insiders have sold 14,100 shares worth $1.82 million over the past 90 days. Institutional investors own 26.02% of the stock, and Ethos Financial Group increased its position by 198.7%.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Get Free Report) declared a dividend on Tuesday, October 20th. Investors 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 0.4%

STRC traded up $0.44 during trading on Wednesday, hitting $99.15. The stock had a trading volume of 426,730 shares, compared to its average volume of 2,327,534. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of -22.04 and a beta of 3.25. The business has a 50-day moving average of $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.

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

In other news, Director Jarrod Patten sold 1,350 shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $156.16, for a total value of $210,816.00. Following the sale, the director owned 28,406 shares of the company's stock, valued at $4,435,880.96. The trade was a 4.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 14,100 shares of company stock valued at $1,815,669. 18.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock. Ethos Financial Group LLC boosted its position in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Free Report) by 198.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,530 shares of the company's stock after purchasing an additional 5,009 shares during the period. Ethos Financial Group LLC's holdings in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock were worth $753,000 as of its most recent filing with the Securities & Exchange Commission. 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 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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