Strategy Keeps STRC Preferred Dividend at 12% in August

Strategy maintains the 12% dividend rate for STRC preferred stock in August, rejecting expectations of a 50bps hike despite trading below par.

Woofun AI reports that Strategy has decided to maintain the 12% dividend rate for its STRC preferred stock in August. This decision follows a 50 basis point increase implemented in July after the stock price dropped to $71. Although STRC rallied to $89.46 in July, supported by Bitcoin sales and price stabilization, it remains below the $100 par value. Executive Chairman Michael Saylor’s leadership team stated there is no obligation to raise the dividend, keeping it unchanged despite previous expectations of an increase.