STRC · Strategy "Stretch" Preferred

Strategy variable-rate perpetual preferred · $100 par, semi-monthly dividend

Risiko 7/10 · ELEVATED · 12% variable · below par · $88.22 ▼ 0.11%

Kennzahlen

• Price $88.22
• Market cap —
• P/E (ttm) n/a
• Div yield 11.49%
• 52-wk range $71.25 – $100.42

Wichtigste Risiken

• Below par · $100 is a liquidation value, not a floor (holders) — HIGH
• Dividend coverage / reflexive ATM funding (sustainability) — HIGH
• Strategy solvency & BTC drawdown (MSTR balance sheet) — HIGH
• Rate resets & income variability (income stability) — MED
• Perpetual, unrated, junior to debt & STRF (recovery & duration) — MED

Fazit

STRC only “works” if Strategy keeps the dividend rich enough — and can keep funding it — to drag the price back to $100. In 2026 that broke: held at 11.5% into a drawdown, it fell to ~$74 before a Jun 29 hike to 12% and a $2.55B reserve pulled it back to the mid-$80s. Watch the semi-monthly rate resets and dividend coverage, not an analyst target (there isn’t one).

Interaktive Analyse öffnen → Teilen

Recherche, keine Anlageberatung.