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

Key Points

• STRC declared a $0.03-per-share dividend, payable December 1 to shareholders of record on November 30. The payout is 25% below the previous $0.04 dividend.
• Shares rose $0.71 to $99.36 on Friday, trading between a 52-week low of $71.25 and high of $100.42; the stock has a $2.57 billion market capitalization.
• Insiders have sold 12,150 shares worth approximately $1.64 million over the past 90 days, while institutional ownership stands at 26.02% after Sterling Investment Advisors purchased a new 2,525-share position.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Get Free Report) announced a dividend on Friday, October 23rd. Shareholders 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 Stock Performance

STRC traded up $0.71 on Friday, hitting $99.36. The company had a trading volume of 1,324,754 shares, compared to its average volume of 2,322,899. The stock's fifty day simple moving average is $98.16. 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. The stock has a market cap 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 stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $156.16, for a total transaction of $210,816.00. Following the sale, the director directly owned 28,406 shares in the company, valued at $4,435,880.96. This represents a 4.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 12,150 shares of company stock worth $1,635,392 over the last 90 days. 18.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock

An institutional investor 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) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,525 shares of the company's stock, valued at approximately $214,000. 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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