MicroStrategy Raises STRC Preferred Dividend Rate to 12%, Up from 11.5%, as Stock Surges 12.6% on Monday

According to Galaxy Research, MicroStrategy announced capital management adjustments on Monday, increasing its STRC preferred dividend rate from 11.5% to 12% effective July 1. The company also approved $1 billion in preferred securities repurchases, $1 billion in common stock buybacks, and a dollar reserve policy. Following the announcement, MSTR shares rose 12.6% to approximately $92.70, while STRC climbed 12.2% to about $83.70. The moves come as STRC had declined significantly, touching a historic low of $71.25 on June 26.
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