Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) Shareholders to Receive $0.04 Dividend

Key Points

• STRC declared a $0.04-per-share dividend, payable December 1 to shareholders of record November 30. The payout represents a 92% decrease from the previous $0.50 dividend.
• Shares opened at $99.09, with a market capitalization of approximately $2.57 billion and a 52-week trading range of $71.25 to $100.42.
• Insiders have sold 12,150 shares worth approximately $1.64 million over the past 90 days, while Sterling Investment Advisors opened a new 2,525-share position; institutions and hedge funds 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 Thursday, October 22nd. 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 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 Trading Up 0.5%

Shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock traded up $0.51 during trading on Friday, hitting $99.16. 295,069 shares of the stock traded hands, compared to its average volume of 2,317,487. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of -22.03 and a beta of 3.25. 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 firm's fifty day moving average is $98.06.

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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