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

The author of this article holds shares in MicroStrategy. MicroStrategy, the largest publicly traded holder of bitcoin, has kept the dividend rate for its perpetual preferred stock, STRC, at 11.5% for May.

This marks the third consecutive month that the dividend rate has remained unchanged. The volume-weighted average price of STRC in April was $99.76, which is close enough to its par value of $100 to warrant maintaining the current dividend rate.

Since its listing in July 2025 with a 9% dividend rate, STRC has experienced several increases as the company seeks to minimize volatility and keep the stock price near its par value. MicroStrategy positions STRC as a short-term, high-yield savings option, offering monthly cash distributions. Currently, STRC is trading at $99.75 and has been below par since April 15. Historically, the stock tends to return to its par value, so a rebound to $100 is anticipated soon.

Meanwhile, MicroStrategy's common stock has 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 declined by 75% over eight consecutive months from August 2025 to March 2026. Bitcoin also saw a 12% increase in April, its strongest monthly performance since April 2025.

Furthermore, MicroStrategy is considering switching to semi-monthly dividend payments for STRC to reduce volatility even further.