Strategy maintains STRC dividend at 11.5% as MSTR stock recovers
- Strategy (MSTR), the largest publicly traded bitcoin holder, has kept an 11.5% dividend rate for May on its preferred stock, Stretch (STRC).
- The volume weighted average price (VWAP) for STRC in April was $99.76, close to its $100 par value.
- STRC has seen a series of increases since its listing in July with an initial dividend rate of 9%.
- MSTR common stock closed April at $165, up by 33%, marking its first positive month in nine.
- Bitcoin rose by approximately 12% in April, achieving its best monthly performance since April.
The decision to maintain the STRC dividend rate reflects Strategy’s efforts to stabilize pricing near par value while offering a high-yield alternative for investors. Additionally, MSTR is considering shifting to semi-monthly payments for STRC to further mitigate volatility.
With a strong recovery indicated by the stock’s rise and Bitcoin’s performance, Strategy aims to enhance investor confidence moving forward.
