Strategy maintains STRC dividend at 11.5% for fourth month
- Strategy, the largest publicly traded corporate holder of bitcoin, has kept its dividend rate on Stretch (STRC) at 11.5% for four consecutive months.
- STRC has seen seven dividend increases since its launch in July with an initial rate of 9%.
- The stock’s volume-weighted average price (VWAP) was $99.62, close to its $100 par value, which is crucial for maintaining stability.
- STRC recently rebounded from a low of $97.11 to approximately $99.10 ahead of the next ex-dividend date on June 15.
- Maintaining a stable price near $100 allows Strategy to issue more shares through its ATM program for purchasing additional bitcoin or addressing liabilities.
The consistent dividend rate and recent price stability are significant as they enable Strategy to manage its financial obligations while potentially expanding its bitcoin holdings.
With the current STRC dividend maintained at an impressive rate, investors will be closely watching the upcoming ex-dividend date on June 15 for potential trading activity.(Source)
