Strategy keeps STRC payout unchanged amid push to maintain $100 share price
Strategy kept the dividend on its perpetual preferred stock Stretch (STRC) unchanged at 11.5% for a fourth straight month. Since launching in July 2025 at 9%, STRC has had seven dividend increases, but the latest reset held steady because its VWAP stayed near $99.62, close to the $100 par value the product is designed to track. STRC is marketed as a short-duration, high-yield cash alternative with monthly distributions and a monthly rate reset meant to keep the price near par and limit volatility. The shares recently fell to $97.11, then recovered to about $99.10, and could rise toward par again before the June 15 ex-dividend date. Keeping STRC near $100 also helps Strategy issue new shares through its ATM program to buy more bitcoin or meet liabilities, including recent debt reduction. Michael Saylor posted “Working Better” as investors debate whether Strategy will eventually need to sell bitcoin to cover obligations.
