Strategy disclosed that its perpetual preferred stock, STRC, maintained a monthly dividend yield of 11.5% in June. This marks the fourth consecutive month that the yield has remained unchanged, with the company aiming to keep the share price as close as possible to its $100 par value while balancing its fundraising and Bitcoin purchase arrangements.
It has been increased seven times since its launch.
STRC was launched in July 2025 with an initial dividend yield of 9%. To date, the preferred stock has increased its dividend seven times. CoinDesk reports that Strategy was able to maintain the current yield this month, partly because STRC's volume-weighted average price reached $99.62, still close to its $100 par value.
STRC is positioned by the company as a short-duration, high-yield alternative to cash management. The product distributes cash monthly and resets the dividend yield each month to guide the market price closer to par value and reduce price volatility.
The stock price rebounded from $97.11.
Although STRC has not returned to its $100 par value since May 14, its stock price has recently recovered. The stock fell to $97.11 last Thursday before rebounding to around $99.10.
The next ex-dividend date is June 15th. Investors need to hold the stock before this date to receive the next dividend. The report mentions that, based on May's trading performance, STRC may briefly return to around $100 around the ex-dividend date.
Face value stability relationship subsequent issuance
For Strategy, whether STRC remains stable around $100 is not just a matter of price performance, but also relates to the sustainability of this product design. If the stock price deviates from par value for an extended period, it could weaken its appeal as a high-yield savings alternative and affect the efficiency of the company's subsequent ATM issuance.
In Strategy's current capital operations, the stability of STRC's earnings, its ability to trade close to par value, and the resulting financing flexibility are all interconnected with the company's Bitcoin acquisition strategy.
