Strategy Inc. Freezes STRC Preferred Stock Dividend Rate at 11.5%, Ending 9-Month Downtrend

Strategy Inc. announced that it will maintain the dividend rate for STRC preferred stock at 11.5% for May 2026. This decision comes immediately after the security recorded its first monthly gain since July 2025, breaking a nine-month downward trend.

During the month of April 2026, STRC's volume-weighted average price (VWAP) reached $99.76, entering a stabilization phase. This is evaluated as having established a turning point as a high-yield financial product, moving out of an eight-month period of losses.

Strategy Inc. paid a dividend of $0.9583 per share on April 30, 2026, maintaining the same dividend amount for three consecutive months. The ex-dividend date for this distribution was April 15, 2026, as the company continues its stable distribution policy in line with the market recovery.

The core objective of STRC's dividend policy is to provide investors with a stable high-yield alternative amidst market volatility and to maintain the trading price at the par value level of $100.

The price rebound in April was particularly concentrated at the end of the month. It rode a positive trend with three consecutive days of gains starting from April 23, 2026, ultimately achieving a VWAP of $99.76. This achievement washes away the sluggishness of the past nine months and suggests that psychological support levels are being restored among investors.

Structure of the 11.5% Yield and Dividend Mechanism

STRC is a Nasdaq-listed security formally named 'Variable Rate Series A Perpetual Stretch Preferred Stock.' This product pays monthly cash dividends and serves as a funding mechanism for Strategy Inc. while providing high interest income to investors.

• January 2026: $0.9167 per share paid
• February 2026: $0.9375 per share paid
• March 2026: $0.9583 per share paid
• April 2026: $0.9583 per share paid

Strategy Inc. management has consistently shown a commitment to aligning STRC's market price with its par value of $100 through dividend rate adjustments. Chairman Michael Saylor has emphasized that this high-yield structure allows STRC to function as a stable investment destination in a volatile market environment.

Currently, STRC's effective yield reaches 11.56%, providing a significant premium compared to the risk-free rate of 3.7% as of May 2026. However, it should be noted that this security lacks protections such as FDIC insurance or bank deposit guarantees, and there is a possibility of loss of principal.

Future Outlook and Investor Considerations

The performance in April 2026, coupled with a cumulative return of 5.2% over the past 12 months, supports the possibility of a long-term recovery. The first monthly gain after eight months of decline holds significance beyond a technical rebound, and whether it settles above the $100 mark will be a key indicator in the future.

Investors need to closely monitor the correlation between future monthly VWAP figures and dividend rates. If Strategy Inc.'s strategy of maintaining par value continues successfully, STRC is expected to play an important role in high-yield seeking portfolios.