Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) Shares Set to Pay Dividend of $0.03

Key Points

• STRC will pay a $0.03-per-share dividend on December 1 to shareholders of record as of November 30, marking a 25% decrease from the previous $0.04 dividend.
• STRC shares traded at approximately $99.08, with a market capitalization of $2.57 billion and a 52-week range of $71.25 to $100.42.
• Insiders sold 14,100 shares worth about $1.82 million over the past three months, while institutional investors own 26.02% of the stock; Ethos Financial Group increased its stake by 198.7% in the first quarter.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Get Free Report) announced a dividend on Wednesday, October 21st. Shareholders of record on Monday, November 30th will be paid 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 Stock Performance

Shares of STRC traded down $0.12 during mid-day trading on Thursday, reaching $99.08. The company's stock had a trading volume of 687,583 shares, compared to its average volume of 2,324,023. The company has a market cap of $2.57 billion, a P/E ratio of -22.02 and a beta of 3.25. The company has a fifty day moving average price of $98.01. Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock has a 1 year low of $71.25 and a 1 year high of $100.42.

Insider Buying and Selling

In other Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock news, Director Jarrod Patten sold 1,350 shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $156.16, for a total transaction of $210,816.00. Following the transaction, the director owned 28,406 shares of the company's stock, valued at $4,435,880.96. The trade was a 4.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders sold 14,100 shares of company stock worth $1,815,669. Company 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 raised its stake in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock. Ethos Financial Group LLC lifted its stake in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Free Report) by 198.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,530 shares of the company's stock after acquiring 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 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 26.02% of the company's stock.

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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