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

Key Points

• STRC raised its quarterly dividend by 33.3%, declaring $0.04 per share payable November 19 to shareholders of record on November 18. The ex-dividend date is also November 18.
• The preferred stock fell 1.1% to $98.87 in Friday trading, with a market capitalization of approximately $2.56 billion and a 52-week range of $71.25 to $100.42.
• Insiders have sold 10,200 shares worth $1.44 million over the past 90 days, while institutional investors own 26.02% of the stock; Ethos Financial Group increased its position by 198.7% in the first quarter.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Get Free Report) announced a dividend on Thursday, October 29th. Investors of record on Wednesday, November 18th will be given a dividend of $0.04 per share on Thursday, November 19th. The ex-dividend date of this dividend is Wednesday, November 18th. 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 Trading Down 1.1%

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock traded down $1.12 during midday trading on Friday, hitting $98.87. 1,476,797 shares of the company were exchanged, compared to its average volume of 2,299,215. The stock has a fifty day simple moving average of $98.50. The company has a market cap of $2.56 billion, a P/E ratio of -21.97 and a beta of 3.25. Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock has a fifty-two week low of $71.25 and a fifty-two week high of $100.42.

Insider Activity

In related news, Director Jarrod Patten sold 2,775 shares of the firm'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 value of $347,790.75. Following the sale, the director owned 28,406 shares of the company's stock, valued at approximately $3,560,123.98. This trade represents a 8.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 10,200 shares of company stock valued at $1,443,356. Company insiders own 18.30% of the company's stock.

Institutional Trading of 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 lifted its stake in shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Free Report) by 198.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,530 shares of the company's stock after acquiring 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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