Strategy's STRC maintains 11.5% dividend for fourth month

Strategy (MSTR) has maintained the dividend rate for its preferred stock, STRC, at 11.5% for the fourth consecutive month, CoinDesk reported. The decision comes after STRC, despite falling to a low of $97.11 last month, closed the month at $99.62, near its par value of $100. This price stability is seen as having secured the stock's value without the need for a dividend increase. Strategy's STRC pays holders a monthly variable dividend targeting an annual rate of 11.5%. The rate is lowered if the stock trades above its $100 par value and raised if it trades below. Dividends are paid from Strategy's cash holdings. The company only uses funds raised when STRC exceeds $100 to purchase BTC, and the stock has recently served as a key funding source for these acquisitions.