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

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC – Get Free Report) declared a dividend on Wednesday, October 28th. Investors of record on Monday, November 9th will be paid a dividend of $0.04 per share on Tuesday, November 10th. The ex-dividend date of this dividend is Monday, November 9th. 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

Shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock opened at $99.49 on Wednesday. The stock’s fifty day moving average is $98.29. 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 company has a market capitalization of $2.58 billion, a P/E ratio of -22.11 and a beta of 3.25.

Insiders Place Their Bets

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 transaction of $347,790.75. Following the transaction, the director directly owned 28,406 shares of the company’s stock, valued at $3,560,123.98. The trade was a 8.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders sold 10,200 shares of company stock worth $1,443,356. 18.30% of the stock is currently owned by company insiders.

Institutional Trading of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock

An institutional investor recently bought a new stake in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock. Sterling Investment Advisors Ltd. bought a new stake in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,525 shares of the company’s stock, valued at approximately $214,000. Institutional investors own 26.02% of the company’s stock.

About Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock

(Get Free Report)

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.

Further Reading

Dividend History for Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC)

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