Key facts
- Strategy will maintain its STRC preferred stock dividend at 12% for August.
- The company is not increasing the dividend.
- STRC shares are trading below their $100 par value.
- Strategy aims for STRC to trade between $99 and $100 over time.
Strategy has announced its decision to keep the dividend for its STRC preferred stock at 12% for the month of August. This move comes despite the fact that the STRC shares are currently trading below their $100 par value. The company's stated goal is to manage the stock's performance so that it trades between $99 and $100 over time. This strategy aims to stabilize the stock price within a narrow band around its par value, indicating a focus on consistent returns for preferred shareholders while working towards price appreciation.