Strategy Maintains STRC Dividend at 12%

Strategy opts to maintain the STRC dividend instead of increasing it this month.

Strategy has decided to keep the dividend on its STRC preferred stock at 12%, a departure from its usual practice of raising dividends when the stock trades significantly below its par value.

Historically, the company has raised the STRC dividend when it falls below the $100 mark, allowing investors to expect a potential increase. The last adjustment occurred on July 1, when the dividend was raised by 50 basis points after STRC hit a low of $71 in June.

In July, the stock price rebounded to $89.46, aided by a slight recovery in bitcoin prices and a strategic sale of bitcoin to support dividends. However, this remains below the par value.

CEO Phong Le stated that the company's goal is to see STRC trading around $99-$100 over time. Despite this target, the firm has opted not to increase the dividend this month, leaving shareholders without a raise for August.