MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock (STRK) to Issue Quarterly Dividend of $2.00 on June 30th

MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock (NASDAQ:STRKGet Free Report) announced a quarterly dividend on Sunday, June 1st, Wall Street Journal reports. Stockholders of record on Sunday, June 15th will be given a dividend of 2.00 per share on Monday, June 30th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 7.49%. The ex-dividend date of this dividend is Friday, June 13th.

MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock Trading Down 0.2%

STRK traded down $0.17 on Wednesday, hitting $106.81. The company had a trading volume of 80,051 shares, compared to its average volume of 321,762. The company’s fifty day moving average is $92.91. MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock has a 12-month low of $79.25 and a 12-month high of $108.49.

Insiders Place Their Bets

In other news, EVP Wei-Ming Shao sold 2,051 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $329.26, for a total value of $675,312.26. Following the sale, the executive vice president now owns 10,597 shares of the company’s stock, valued at approximately $3,489,168.22. This represents a 16.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Phong Le sold 3,281 shares of MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $329.26, for a total transaction of $1,080,302.06. Following the transaction, the chief executive officer now directly owns 18,165 shares of the company’s stock, valued at approximately $5,981,007.90. This represents a 15.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,998 shares of company stock valued at $10,821,926 over the last three months.

Further Reading

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