Attention is focused on the ex-dividend date and the monthly dividend rate adjustment for the preferred stock.
By James Van Straten|Edited by Oliver Knight Jun 26, 2026, 10:28 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShow- Strategy's STRC preferred stock is currently priced at approximately $73, which is about 27% lower than its par value of $100, as investors prepare for two significant events on June 30.
- The ex-dividend date occurs on June 30, with eligible shareholders set to receive a payment of $0.48 per share on July 15. However, given that this amount is less than 0.7% of the stock price, it is unlikely to significantly impact the stock.
- More importantly, investors are anticipating a reset of the monthly dividend rate: with STRC's effective yield around 15%, there are expectations that Strategy will increase the rate from the current 11.50% to at least 12% or 12.50%.
As of Friday's pre-market, Strategy's (MSTR) perpetual preferred stock, STRC, has seen a 3% decline and is trading below $73, reflecting a 27% drop from its $100 par value. Investors are particularly focused on June 30, a date associated with two pivotal events.
On June 30, the ex-dividend date occurs, meaning those who own shares prior to this date will qualify for the next dividend payment, while those who purchase shares on or after this date will not be eligible. This date also marks the record date for shareholders, with eligible investors set to receive STRC's first semi-monthly dividend of $0.48 per share on July 15.
Typically, stocks experience a decline roughly equal to the dividend amount once they begin trading ex-dividend. For STRC, the $0.48 adjustment on a $73 stock represents less than 0.7%, especially as STRC has been declining by 2-3% daily. Therefore, the ex-dividend date is not expected to trigger significant further decreases in the STRC price.
The more critical factor is the upcoming monthly dividend rate reset. As a perpetual preferred stock, STRC does not have a maturity date and its dividend can be adjusted periodically.
Strategy has kept the dividend rate stable at 11.50% for the past four months, even as STRC trades significantly below par. With a one-month volume weighted average price (VWAP) of $91.46 and current shares priced at $73, the effective yield — which is the annual dividend in relation to the market price — has surged to approximately 15%.
This indicates that investors are seeking a much higher yield than what is currently offered, leading to expectations of a modest increase to at least 12% or 12.50%. For STRC investors, a sustained recovery towards par value is likely to be more influenced by Bitcoin's performance than by a minor dividend adjustment.
Additionally, MSTR common stock is trading around $85, which is over 84% lower than its all-time high of November 2024, further straining Strategy's capital structure that is heavily reliant on Bitcoin.
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