Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) Shares Will Pay Dividend of $0.04

Key Points

• STRC declared a $0.04-per-share dividend, payable December 1 to shareholders of record November 30; the payout is 92% lower than the previous $0.50 dividend.
• Shares rose $0.71 to $99.36 in midday trading, with a 52-week range of $71.25 to $100.42 and a market capitalization of approximately $2.57 billion.
• Insiders have sold 12,150 shares worth $1.64 million over the past three months, 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 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 of this dividend 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 Stock Performance

Shares of NASDAQ STRC traded up $0.71 during mid-day trading on Friday, hitting $99.36. 1,324,754 shares of the company were exchanged, compared to its average volume of 2,322,899. The business's 50 day 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 company has a market capitalization of $2.57 billion, a price-to-earnings ratio of -22.08 and a beta of 3.25.

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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