Strategy raises STRC dividend as the preferred stock's price drifts below par

The dividend increase follows renewed pressure on STRC, which has been trading below its $100 par value. What to know : Strategy increased the February dividend on its perpetual preferred stock Stretch (STRC) by 25 basis points to 11.25%. The move comes as STRC trades below par at $98.99 and bitcoin dipped below Strategy’s cost basis before rebounding.(Coindesk)