MicroStrategy Rises 2.58% to $170.81; STRC Dividend Moves to Semi-Monthly
MicroStrategy closed at $170.81 on April 20, marking a 2.58% gain from the prior session. The company proposed shifting STRC preferred stock dividends from monthly to semi-monthly distributions, potentially increasing shareholder cash flow frequency.
1. Stock Performance
MicroStrategy’s common shares ended the April 20 session at $170.81, reflecting a 2.58% rise from the previous closing price on volume in line with its recent trading range.
2. Dividend Schedule Change
The board proposed moving dividends on its STRC series C preferred stock from a monthly to a semi-monthly schedule, aiming to provide more frequent cash distributions to preferred shareholders.
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