Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) Plans Dividend of $0.10

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) announced a dividend on Thursday, October 29th. Investors of record on Friday, November 20th will be given a dividend of $0.10 per share on Monday, November 23rd. The ex-dividend date of this dividend is Friday, November 20th. This is a 233.3% 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

Shares of STRC stock traded down $1.12 on Friday, hitting $98.87. 1,476,797 shares of the stock were exchanged, compared to its average volume of 2,299,215. The stock 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 fifty-two week low of $71.25 and a fifty-two week high of $100.42. The business has a 50-day moving average of $98.50.

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.