STRC Shares Maintain 12% Dividend Payout Despite Trading Below Par Value

Strategy's preferred STRC shares have maintained their semi-monthly dividend payout of 12%, despite trading below their $100 par value in July. In a recent tweet, Executive Chairman Michael Saylor announced that investors can expect no change to the August dividend payment.

The price of STRC shares has increased by 5.42% since the beginning of July, but still remains significantly below their par value. CEO Phong Le reiterated the company's objective to trade at $99-$100 over time, without providing a specific timeline for achieving this goal.

Strategy has built a cash reserve of $3.75 billion to support preferred stock payouts following the launch of its Bitcoin treasury holdings monetization program. The company recently repurchased $25 million of its STRC preferred shares at a discount to par and plans to continue buying them while they trade below $100.

In related news, Strategy's CEO Phong Le stated that 'the corporate objective is for STRC to trade at $99-$100 over time.'