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 November 17 to shareholders of record on November 16. The payment is 70% lower than the previous $0.10 dividend.
• Shares recently traded at $98.87, down $1.12, with a 52-week range of $71.25 to $100.42 and a market capitalization of approximately $2.56 billion.
• Insiders sold 10,200 shares worth about $1.44 million over the past 90 days, while institutional investors and hedge funds 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 Thursday, October 29th. Stockholders of record on Monday, November 16th will be paid a dividend of $0.03 per share on Tuesday, November 17th. The ex-dividend date of this dividend is Monday, November 16th. This is a 70.0% decrease from Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock's previous dividend of $0.10.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Price Performance

Shares of NASDAQ:STRC traded down $1.12 on Friday, reaching $98.87. 1,476,797 shares of the company traded hands, compared to its average volume of 2,299,215. The stock has a market capitalization of $2.56 billion, a PE ratio of -21.97 and a beta of 3.25. The business has a 50-day simple moving average of $98.50. 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

In other news, Director Jarrod Patten sold 2,775 shares of the business's stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $125.33, for a total transaction of $347,790.75. Following the transaction, the director directly owned 28,406 shares of the company's stock, valued at approximately $3,560,123.98. The trade was a 8.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 10,200 shares of company stock worth $1,443,356 over the last 90 days. 18.30% of the stock is currently owned by insiders.

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

A hedge fund recently raised its stake in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock. Ethos Financial Group LLC raised its stake in shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Free Report) by 198.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,530 shares of the company's stock after purchasing 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 at the end of the most recent reporting period. Institutional investors and hedge funds own 26.02% of the company's stock.

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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