MSTR Stock Drops 10% as Strategy Declares November STRC Dividends

Key Insights: MSTR stock fell more than 10% after the STRC dividend announcement. Strategy declared conditional November STRC dividends totaling $1 per share. Cantor Fitzgerald raised its Strategy target, while MSCI listed the company for potential deletion. MSTR stock fell 10.43% as Strategy declared conditional daily STRC dividends for November. The Bitcoin treasury firm outlined the payments before shareholders decide whether to change the preferred security’s dividend frequency. Michael Saylor’s company paid STRC dividends once a month under the preferred security’s original payment schedule. Earlier this year, the company changed that frequency to twice-monthly payments.

Also reported by BitKE.

Source: The Coin Republic