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

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) announced a dividend on Thursday, October 22nd. 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 of this dividend is Monday, November 30th. This is a 92.0% decrease from Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock’s previous dividend of $0.50.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Stock Up 0.6%

Shares of NASDAQ STRC traded up $0.63 during trading hours on Friday, hitting $99.28. The stock had a trading volume of 688,808 shares, compared to its average volume of 2,319,505. The firm has a market capitalization of $2.57 billion, a P/E ratio of -22.08 and a beta of 3.25. The company’s 50-day moving average price is $98.06. Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock has a 52 week low of $71.25 and a 52 week 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.