Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) to Issue Dividend Increase - $0.04 Per Share

Key Points

• STRC raised its dividend by 33.3%, from $0.03 to $0.04 per share. Shareholders of record on November 30 will receive the payment on December 1.
• STRC shares rose $0.40 to $99.02 in midday trading, with a 52-week range of $71.25 to $100.42 and a market capitalization of approximately $2.56 billion.
• Insiders sold 14,100 shares worth about $1.82 million in the last quarter, while Ethos Financial Group increased its stake by 198.7%; 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) declared a dividend on Monday, October 19th. Investors 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 33.3% increase from Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock's previous dividend of $0.03.

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

STRC stock traded up $0.40 during midday trading on Tuesday, reaching $99.02. The company's stock had a trading volume of 143,533 shares, compared to its average volume of 2,331,276. 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. The stock has a market capitalization of $2.56 billion, a PE ratio of -22.00 and a beta of 3.25. The stock's 50-day moving average price is $97.86.

Insider Buying and Selling at Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock

In related news, Director Jarrod Patten sold 2,775 shares of the 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 completion of the sale, the director directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders sold 14,100 shares of company stock worth $1,815,669. Insiders own 18.30% of the company's stock.

Hedge Funds Weigh In On Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock

A hedge fund recently raised its position in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock. Ethos Financial Group LLC raised its stake in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Free Report) by 198.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,530 shares of the company's stock after purchasing an additional 5,009 shares during the period. 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 quarter. 26.02% of the stock is owned by institutional investors and hedge funds.

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 helps organizations collect, analyze and visualize data for reporting, decision-making and operational planning. The company serves businesses and other institutions across a range of industries and geographic markets.

Strategy has also adopted a digital asset strategy centered on bitcoin. In addition to continuing its software operations, the company uses its corporate capital markets activities to acquire and hold bitcoin as a primary treasury reserve asset.

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