Strategy (MSTR) lifts STRC dividend as shares drift below par
Strategy increased the dividend rate on its preferred stock, STRC, by 25 basis points to 11.25% due to shares trading below par.Summary
Strategy (MSTR), led by executive chairman Michael Saylor, announced a 25 basis point increase to the dividend rate on its preferred stock, Stretch (STRC), raising it to 11.25% for February. This increase is the sixth since STRC began trading in July 2025 and follows renewed pressure as the stock has been trading slightly below its $100 par value, closing Friday at $98.99. STRC is a perpetual preferred stock that pays monthly distributions, with the dividend rate adjusted monthly to encourage trading near par and limit volatility. Strategy has secured $2.25 billion in reserves to cover the estimated $887 million in annual dividend obligations for its perpetual preferred offerings. The announcement coincided with a brief dip in Bitcoin's price, which had momentarily pushed Strategy’s average bitcoin cost basis underwater.
(Source：CoinDesk)