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

Key Points

• STRC declared a $0.03-per-share dividend, payable December 1 to shareholders of record November 30. The payout is 25% lower than the previous $0.04 dividend.
• Shares fell 0.5% to $98.66 during Thursday trading, with a 12-month range of $71.25 to $100.42 and a market capitalization of approximately $2.56 billion.
• Insiders sold 14,100 shares worth about $1.82 million over the past three months, while institutional investors own 26.02% of the stock.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Get Free Report) declared a dividend on Wednesday, October 21st. 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 Down 0.5%

Shares of STRC traded down $0.51 during trading hours on Thursday, hitting $98.69. The company's stock had a trading volume of 1,211,756 shares, compared to its average volume of 2,326,533. 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. The company has a 50 day moving average price of $98.01. The company has a market cap of $2.56 billion, a P/E ratio of -21.93 and a beta of 3.25.

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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