The author of this article has a stake in MicroStrategy (MSTR). As the largest publicly traded bitcoin holder, MicroStrategy (MSTR) has decided to maintain 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 sufficient to keep the rate steady. Since its listing in July 2025 with a 9% dividend, STRC has experienced several increases as the company seeks to minimize volatility and keep the stock price close to 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 it is expected to return to $100 next week based on historical trends. Meanwhile, MSTR's common stock has shown signs of recovery, closing April at $165, which represents a 33% increase and its first positive month in nine.
The stock had previously fallen by 75% over eight consecutive 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. Furthermore, MicroStrategy is considering switching to semi-monthly dividend payments for STRC to reduce volatility even further.