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

Odaily reports that Strategy's STRC preferred stock is trading at approximately $73, about 27% below its $100 par value, as investors focus on two key 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. The other event is a reset of the monthly dividend rate. With STRC's current effective yield near 15%, investors expect Strategy to increase the dividend rate from 11.50% to at least 12% or 12.50%. (CoinDesk)