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

Key Points

• STRC raised its dividend by 33.3%, increasing the payment from $0.03 to $0.04 per share. Shareholders of record on November 30 will receive the dividend on December 1.
• Shares rose $0.40 to $99.02 in Tuesday trading, with a 52-week range of $71.25 to $100.42 and a market capitalization of approximately $2.56 billion.
• Strategy operates an enterprise analytics software business while pursuing a bitcoin-focused treasury strategy, using capital markets activity to acquire and hold bitcoin.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Get Free Report) declared a dividend on Monday, October 19th. 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 of this dividend 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 Trading Up 0.3%

Shares of NASDAQ:STRC traded up $0.33 during mid-day trading on Tuesday, reaching $98.95. 519,976 shares of the stock were exchanged, compared to its average volume of 2,333,009. The company has a market capitalization of $2.56 billion, a P/E ratio of -21.99 and a beta of 3.25. Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock has a one year low of $71.25 and a one year high of $100.42. The business's 50 day moving average price is $97.86.

Insiders Place Their Bets

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 that occurred on Tuesday, August 25th. The stock was sold at an average price of $125.33, for a total transaction 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 14,100 shares of company stock worth $1,815,669. Corporate insiders own 18.30% of the company's stock.

Institutional Trading of 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. acquired a new position in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,525 shares of the company's stock, valued at approximately $214,000. 26.02% of the stock is currently owned by hedge funds and other institutional investors.

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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