Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) Shareholders to Collect $0.03 Dividend

Key Points

• STRC declared a $0.03-per-share dividend, payable December 1 to shareholders of record on November 30. The payout is 25% lower than the previous $0.04 dividend.
• Shares rose 0.7% to $99.36 during Friday trading, with a market capitalization of approximately $2.57 billion and a 52-week range of $71.25 to $100.42.
• Ethos Financial Group increased its STRC holdings by 198.7% in the first quarter, while institutional investors collectively own 26.02% of the stock. Insiders have sold 12,150 shares worth about $1.64 million over the past 90 days.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Get Free Report) announced a dividend on Friday, October 23rd. Investors of record on Monday, November 30th will be given a dividend of $0.03 per share on Tuesday, December 1st. The ex-dividend date is Monday, November 30th. This is a 25.0% decrease from Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock's previous dividend of $0.04.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Trading Up 0.7%

Shares of STRC stock traded up $0.71 during trading hours on Friday, reaching $99.36. The company had a trading volume of 1,324,754 shares, compared to its average volume of 2,322,899. The business has a fifty day moving average of $98.16. 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 firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of -22.08 and a beta of 3.25.

Insider Activity

In other Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock news, Director Jarrod Patten sold 1,350 shares of the company's stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $156.16, for a total value of $210,816.00. Following the completion of the sale, the director owned 28,406 shares in the company, valued at $4,435,880.96. This represents a 4.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have sold 12,150 shares of company stock worth $1,635,392. Insiders own 18.30% of the company's stock.

Hedge Funds Weigh In On Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock

An institutional investor recently raised its stake in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock. Ethos Financial Group LLC increased 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 its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,530 shares of the company's stock after purchasing an additional 5,009 shares during the quarter. 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.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Company Profile

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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