Strategy Preferred Stock STRC will ex-dividend and reset the monthly dividend rate on June 30.

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Jinse Finance reported that Strategy's STRC preferred stock is trading at around $73, about 27% below its $100 par value. Investors are focusing on two events related to June 30. STRC will go ex-dividend on June 30, and eligible holders will receive a dividend of $0.48 per share on July 15. The other event is the monthly dividend rate reset. Currently, the effective yield of STRC is close to 15%, and investors expect Strategy to raise the dividend rate from 11.50% to at least 12% or 12.50%. (CoinDesk)
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