STRC Dividend Remains at 11.5% as Stock Sees First Monthly Gain in Nine Months

The author of this article holds shares in MicroStrategy (MSTR). MicroStrategy (MSTR), the largest publicly traded bitcoin holder, has kept the dividend rate for its perpetual preferred stock, Stretch (STRC), at 11.5% for May. This marks the third consecutive month that the dividend rate has remained unchanged. The volume-weighted average price (VWAP) of $99.76 in April was close enough to the $100 par value to justify maintaining the current rate.

Since its listing in July 2025 with a 9% dividend, STRC has experienced a series of increases as the company aims to minimize volatility and keep the price steady near its $100 par value. MicroStrategy positions STRC as a short-term, high-yield savings alternative that distributes monthly cash payments. Currently, STRC is trading at $99.75 and has remained below par since April 15, but based on historical trends, it is expected to return to $100 next week.

Meanwhile, MSTR's common stock has also shown signs of recovery, closing April at $165, which represents a 33% increase and its first positive month in nine. Prior to this, the stock had fallen by 75% over eight consecutive months from August 2025 to March 2026, according to data from TradingView. Additionally, bitcoin saw a 12% increase in April, its best monthly performance since April 2025. Furthermore, MicroStrategy is considering a shift from monthly to semi-monthly dividend payments for STRC to reduce volatility even further.