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

Key Points

• STRC declared a $0.03-per-share dividend, payable December 1 to shareholders of record November 30. The payment is 25% lower than the previous $0.04 dividend.
• Shares fell 0.6% to $98.65 during Thursday trading, with the stock ranging between $71.25 and $100.42 over the past year.
• Insiders have sold 14,100 shares worth approximately $1.82 million over the past 90 days, while institutional investors own 26.02% of the stock.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Get Free Report) announced 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 of this dividend 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 0.6%

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock traded down $0.55 during midday trading on Thursday, reaching $98.65. 1,375,937 shares of the stock were exchanged, compared to its average volume of 2,327,784. The firm has a fifty day simple moving average of $98.01. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of -21.92 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.

Insider Activity at Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock

In other news, Director Jarrod Patten sold 2,775 shares of the company's stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $125.33, for a total value of $347,790.75. Following the completion of the sale, the director owned 28,406 shares of the company's stock, valued at approximately $3,560,123.98. This represents a 8.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders sold 14,100 shares of company stock worth $1,815,669. 18.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock. Sterling Investment Advisors Ltd. bought a new stake in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,525 shares of the company's stock, valued at approximately $214,000. 26.02% of the stock is owned by hedge funds and other 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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