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

Key Points

• STRC declared a $0.04-per-share dividend, payable December 1 to shareholders of record on November 30; the ex-dividend date is also November 30.
• The dividend represents a 92% decrease from the previous $0.50 payment.
• STRC opened at $98.65 and was down 0.6%, with shares trading between a 12-month low of $71.25 and high of $100.42.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Get Free Report) declared a dividend on Thursday, October 22nd. Investors of record on Monday, November 30th will be paid a dividend of $0.04 per share on Tuesday, December 1st. The ex-dividend date is Monday, November 30th. This is a 92.0% decrease from Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock's previous dividend of $0.50.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Stock Down 0.6%

Shares of STRC stock opened at $98.65 on Friday. The firm has a market cap of $2.56 billion, a P/E ratio of -21.92 and a beta of 3.25. The business's 50 day moving average is $98.06. Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock has a 52 week low of $71.25 and a 52 week high of $100.42.

Insider Buying and Selling at Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock

In other news, Director Jarrod Patten sold 2,775 shares of the 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 completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 12,150 shares of company stock valued at $1,635,392 in the last ninety days. 18.30% of the stock is owned by corporate insiders.

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

An institutional investor 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 Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Free Report) in the second quarter, according to its most recent disclosure with the Securities and 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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