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Strategy Keeps STRC Perpetual Preferred Stock Dividend Rate at 11.5%

Strategy said STRC’s May payout will remain at 11.5%, while the company’s common stock rose 33% in April for its first monthly gain in nine months and STRC traded near par.

Summary

Strategy said its STRC perpetual preferred stock will maintain an 11.5% dividend rate for May, extending the same payout level for a third straight month. The company also reported STRC’s April VWAP at $99.76, close to its $100 par value, indicating the shares traded near their reference value during the month. In addition, Strategy’s common stock closed April at $165, up 33% and marking its first monthly gain in nine months.

Terms & Concepts
  • Perpetual preferred stock: A class of preferred shares with no set maturity date, typically paying fixed or adjustable dividends before common stock distributions.
  • VWAP: Volume-weighted average price, a trading benchmark that reflects the average price of a security over a period, weighted by volume.
  • Par value: The nominal face value of a security, often used as a reference point for pricing and dividend structure.