Strategy Inc. Boosts Dividend Rate to 10.25% for Series A Preferred Shares
Strategy Inc., formerly MicroStrategy, has announced an increase in its annual dividend rate for Series A perpetual preferred shares ($STRC). The new rate of 10.25% will apply from October 1, with the first payment set for November 15.
The new dividend rate will be applicable to monthly periods starting October 1. Shareholders registered by 5 PM ET on October 15 will be eligible for the first payment of $0.854166667 per share. This increase reflects Strategy's growing confidence in its operations and financial situation.
Michael Saylor, former CEO of MicroStrategy, confirmed the dividend announcement and rate increase via social media. Strategy's decision to adjust its dividend shows its focus on shareholder value in a competitive crypto environment. The company has provided a public dashboard on its website for investors to track stock prices, Bitcoin holdings, and key performance indicators.
Strategy Inc., which has not paid dividends since 2009, has now increased its annual dividend rate to 10.25%. Preferred shareholders can expect a slightly higher yield, strengthening the appeal of $STRC. The first payment is scheduled for November 15, with shareholders needing to be registered by October 15 to be eligible. Strategy submitted the update to the U.S. Securities and Exchange Commission (SEC) via Form 8-K.
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