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

Key Points

• STRC increased its dividend by 33.3%, raising the payment from $0.03 to $0.04 per share. Shareholders of record on November 9 will receive the dividend on November 10.
• The preferred stock opened at $99.49, with a market capitalization of approximately $2.58 billion and a 52-week trading range of $71.25 to $100.42.
• Insiders have sold 10,200 shares worth about $1.44 million over the past quarter, while institutional investors own 26.02% of the stock; Ethos Financial Group increased its position by 198.7%.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Get Free Report) announced a dividend on Wednesday, October 28th. Shareholders of record on Monday, November 9th will be paid a dividend of $0.04 per share on Tuesday, November 10th. The ex-dividend date is Monday, November 9th. 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

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock opened at $99.49 on Wednesday. The firm has a market capitalization of $2.58 billion, a P/E ratio of -22.11 and a beta of 3.25. Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock has a 1 year low of $71.25 and a 1 year high of $100.42. The firm has a 50 day moving average price of $98.29.

Insider Activity

In other Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock news, Director Jarrod Patten sold 2,775 shares of the company's stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $125.33, for a total transaction of $347,790.75. Following the transaction, the director owned 28,406 shares in the company, valued at approximately $3,560,123.98. This represents a 8.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have sold 10,200 shares of company stock worth $1,443,356. 18.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position 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 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,530 shares of the company's stock after acquiring 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 at the end of the most recent reporting period. 26.02% of the stock is currently 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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