MicroStrategy may raise STRC dividend rate to 12-12.5%

MicroStrategy (MSTR) could raise the monthly dividend rate on its perpetual preferred stock, STRC, from the current 11.5% to a level between 12% and 12.5% on June 30, CoinDesk reported. The outlet noted that STRC has an ex-dividend date on June 30, and investors who hold the stock before that day can receive the first semi-monthly dividend of $0.48 per share on July 15. However, CoinDesk analyzed that for STRC to recover its par value of $100, a rebound in Bitcoin's price is a more important factor than a dividend rate increase.