Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) to Issue 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 ex-dividend date is also November 30.
• The dividend is 25% lower than the previous $0.04-per-share payment, indicating a reduction in the preferred stock’s distribution.
• STRC shares recently traded at $99.36, near their 52-week high of $100.42, with a market capitalization of approximately $2.57 billion.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Get Free Report) announced a dividend on Friday, October 23rd. Investors of record on Monday, November 30th will be given 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 Stock Up 0.7%

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock traded up $0.71 during trading on Friday, reaching $99.36. The company had a trading volume of 1,324,754 shares, compared to its average volume of 2,322,899. Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock has a 12-month low of $71.25 and a 12-month high of $100.42. The business's 50 day moving average price is $98.16. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of -22.08 and a beta of 3.25.

Insider Buying and Selling 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 2,775 shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $125.33, for a total value of $347,790.75. Following the transaction, the director owned 28,406 shares in the company, valued at $3,560,123.98. This trade represents a 8.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders have sold 12,150 shares of company stock valued at $1,635,392. 18.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On 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. purchased 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 13F filing with the Securities & Exchange Commission. The firm purchased 2,525 shares of the company's stock, valued at approximately $214,000. 26.02% of the stock is currently owned by institutional investors and hedge funds.

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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