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

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) declared a dividend on Tuesday, October 20th. Investors of record on Monday, November 30th will be paid a dividend of $0.04 per share on Tuesday, December 1st. The ex-dividend date 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 Price Performance

STRC stock traded up $0.52 during midday trading on Wednesday, hitting $99.23. 810,932 shares of the company’s stock were exchanged, compared to its average volume of 2,329,329. The company’s 50-day simple moving average is $97.93. The stock has a market capitalization of $2.57 billion, a PE ratio of -22.05 and a beta of 3.25. 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.

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.