Strategy raises dividend on STRC to 10.25%
Yahoo Finance·2025-10-01 12:35
Group 1 - The company announced an increase in the dividend on its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) from 10% to 10.25% [1] - The new annualized rate will result in a cash dividend of $0.854166667 per share for the month ending October 31, 2025, effective for monthly periods starting October 1 [1] - The dividend payment is scheduled for October 31 to holders of record as of 5:00 p.m. EST on October 15 [1] Group 2 - The adjustment in the dividend reflects STRC's variable-rate feature, which allows for monthly resets based on the board's declaration to maintain the market price around the $100 stated amount [2] - The company currently has $4.2 billion in its STRC at-the-market offering [2]