The author of this article has a stake in MicroStrategy (MSTR). As the largest publicly traded holder of bitcoin, with a value of $80,042.47, MicroStrategy (MSTR) has announced that it will maintain the dividend rate for its perpetual preferred stock, known as Stretch (STRC), at 11.5% for May.
This marks the third month in a row 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 keeping the rate the same. Since its listing in July 2025 with a 9% dividend, STRC has seen several increases, as the company aims to minimize volatility and keep the price near its $100 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, but based on historical trends, it is expected to return to $100 next week.
Meanwhile, MSTR's common stock has shown signs of recovery, ending April at $165, a 33% increase and its first positive month in nine. The stock had previously fallen by 75% over eight consecutive losing months from August 2025 to March 2026, according to data from TradingView. Bitcoin also saw a 12% increase in April, its best monthly performance since April 2025.
Additionally, MicroStrategy is considering switching to semi-monthly dividend payments for STRC, moving away from its current monthly distribution structure to further reduce volatility.