Strategy’s preferred stock tracker, STRC, ended July trading well below its $100 par value, but management signaled that the company’s next preferred dividend rate will not rise. Executive chairman Michael Saylor said the August dividend will remain at 12%, continuing a payout level that was set after a June performance dip. In a Saturday post on X, Saylor confirmed the dividend will hold at 12% for August. He also noted the company will keep its semi-monthly payment cadence for the second straight month after shareholders approved that change in June, following the earlier decision to increase the dividend by 50 basis points to 12%. Key takeaways Strategy’s executive chairman said the August STRC dividend will remain at a 12% rate, not increase. STRC has continued to trade below its $100 par value throughout July, despite a monthly price rebound that began after the June dividend hike. Management reiterated a longer-term objective for STRC to trade near $99–$100, without specify...
Strategy CEO Michael Saylor told investors that the preferred dividend tied to Strategy’s STRC shares will stay at 12% for August, despite STRC trading well below its $100 par value through July. In a Saturday post on X, Saylor framed STRC as an income-oriented vehicle that he says can help investors “stretch your income,” while indicating that the semi-monthly dividend schedule approved earlier this year will continue. Strategy’s chief then reiterated a longer-term target price range for the preferred shares, even as market pricing suggests investors are still demanding a discount. Key takeaways Strategy’s STRC preferred dividend will remain at 12% for August, according to Michael Saylor. August will mark the second month in a row that STRC dividends are paid semi-monthly, following a June shareholder vote. STRC shares closed at $89.46 on Friday, trading below $100 par value throughout July. Management has continued to state a corporate objective for STRC to reach and hold aro...