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

Key Points

• STRC will pay a $0.03-per-share dividend on December 1 to shareholders of record on November 30; the ex-dividend date is also November 30. The payout is down 25% from the previous $0.04 dividend.
• Shares rose $0.71 to $99.36 in Friday 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 about $1.64 million over the past quarter, while institutional investors and hedge funds own approximately 26.02% of the stock.

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 paid 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 Price Performance

Shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock traded up $0.71 during trading on Friday, reaching $99.36. 1,324,754 shares of the stock traded hands, compared to its average volume of 2,322,899. The firm has a market cap of $2.57 billion, a P/E ratio of -22.08 and a beta of 3.25. The firm's fifty day moving average price is $98.16. 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 Transactions at Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock

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 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 completion of the transaction, the director owned 28,406 shares in the company, valued at $4,435,880.96. This trade represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 quarter. 18.30% of the stock is owned by corporate insiders.

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

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 position in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,525 shares of the company's stock, valued at approximately $214,000. 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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