Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) Shareholders Set to Receive $0.03 Dividend

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) announced a dividend on Thursday, October 29th. Shareholders of record on Monday, November 23rd will be paid a dividend of $0.03 per share on Tuesday, November 24th. The ex-dividend date of this dividend is Monday, November 23rd. This is a 70.0% decrease from Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock’s previous dividend of $0.10.

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

Shares of NASDAQ:STRC traded down $1.12 during mid-day trading on Friday, reaching $98.87. 1,476,797 shares of the company were exchanged, compared to its average volume of 2,299,215. The company has a market cap of $2.56 billion, a price-to-earnings ratio of -21.97 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. The company has a 50-day moving average price of $98.50.

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.