PANews reported on February 1st that Michael Saylor announced a 25 basis point increase to 11.25% in the February dividend yield of Strategy's perpetual preferredPANews reported on February 1st that Michael Saylor announced a 25 basis point increase to 11.25% in the February dividend yield of Strategy's perpetual preferred
Michael Saylor: The February STRC dividend yield has been raised by 25 basis points to 11.25%.
News Brief
According to PANews on February 1st, Michael Saylor raised Strategy's perpetual preferred stock STRC dividend yield by 25 basis points, bringing it to 11.25% for February. Essentially, STRC functions as a short-term, high-yield credit instrument offering monthly cash distributions. Moreover, the dividend rate undergoes monthly adjustments. It's worth noting that Strategy can issue shares via an ATM mechanism linked to this product.
PANews reported on February 1st that Michael Saylor announced a 25 basis point increase to 11.25% in the February dividend yield of Strategy's perpetual preferred stock, STRC. STRC is positioned as a short-term, high-yield credit product, paid monthly in cash. The dividend yield is adjusted monthly, and Strategy can issue shares through an ATM (Auction-by-Touch) mechanism linked to the product.
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