markets··1 min read
Strategy Declares Conditional Daily Dividends as STRC Trades Below Par
Strategy conditionally declared daily dividends on its STRC preferred stock, which continues to trade under its $100 par value.
Strategy has conditionally declared daily dividends on STRC, a preferred stock issued by the company, as the shares continued to trade below their $100 par value.
STRC carries a stated par value of $100 per share, a reference level that is relevant to the terms of the instrument. The stock has been changing hands below that mark.
Key points
- Strategy conditionally declared daily dividends on STRC
- The preferred stock is trading below its $100 par value
- Strategy is best known for holding bitcoin on its corporate balance sheet
Strategy has used preferred stock offerings alongside other instruments as part of its capital-raising activity. For holders of such securities, trading relative to par is typically watched because it can bear on the payout investors receive under the terms of the issue.