Strategy Preferred Stock STRC to Go Ex-Dividend and Reset Monthly Dividend Rate on June 30

Odaily reports that Strategy's STRC preferred stock is trading at approximately $73, about 27% below its $100 par value, with investors focusing on two events related to June 30. STRC will go ex-dividend on June 30, with eligible holders receiving a dividend payment of $0.48 per share on July 15. Another event is the reset of the monthly dividend rate. Currently, STRC's effective yield is nearly 15%, and investors expect Strategy to raise the dividend rate from 11.50% to at least 12% or 12.50%. (CoinDesk)