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MicroStrategy preferred stock STRC falls below par value after ex-dividend date
Source: CryptoNewsNet Original Title: Strategy’s preferred ‘STRC’ drops below par after ex dividend date Original Link: MicroStrategy (MSTR), as the largest Bitcoin corporate holder, focuses its financial strategy on accumulating BTC as a core reserve asset. Its variable rate Series A perpetual preferred stock STRC dropped below its $100 par value in pre-market trading after the most recent monthly dividend, mainly reflecting the regular ex-dividend mechanism.
The ex-dividend date is the trading date when a stock no longer carries the right to receive the upcoming dividend, meaning investors who buy on or after this date will not receive the next dividend.
STRC currently offers an 11% annualized yield based on its $100 par value.
Historically, the price has fallen up to 2% after ex-dividend, with frequent rebounds near par value in October and December. However, after the dividend dates in August and November, STRC experienced a price decline of over 6%, primarily driven by broader market volatility, though all instances eventually rebounded.