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Strategy has decided the dividend on its STRC perpetual preferred stock to be 11.5% for April 2026, ending a stretch of seven straight monthly increases since launch in July 2025. The company left the rate unchanged after STRC’s 30-day volume-weighted average price held near $99.95, which kept the shares close to their $100 par value. Strategy says the product is designed to trade near par while paying monthly cash distributions.
Strategy launched STRC in July 2025 with a 9% annualized dividend. Since then, the company has raised the rate each month until it reached 11.5% in March 2026. April marks the first month without another increase.
The company’s STRC page shows that the April 2026 variable annualized dividend rate remains 11.50%. It also lists the next record date as April 15, 2026, and the next payout date as April 30, 2026. Those figures confirm that the board kept the payout unchanged for the new month.
Strategy describes STRC as a perpetual preferred stock with a variable monthly dividend. The company states that “STRC’s dividend rate is adjusted monthly to encourage trading around STRC’s $100 par value and to help strip away price volatility.” This framework explains why the rate can stay flat when the shares remain near $100.
STRC is built around a simple target. Strategy adjusts the monthly dividend to support trading near the $100 stated amount. If the share price drifts below this level, a higher yield can help attract demand. If the price stays close to par, the company can keep the rate in place.
This structure matters because trading near par supports future issuance. Strategy has tied STRC to its broader capital strategy, and the company’s public materials show active ATM documentation for the security. A stable price near $100 helps preserve this path for raising funds.
The April hold suggests the mechanism worked as designed during March. With the 30-day average price near $99.95, Strategy did not need to add more yield to keep the stock close to its target. As a result, the product entered April with the same 11.5% rate it carried in March.
The flat dividend comes as Strategy continues to sit on a large Bitcoin position. Company disclosures show that, as of March 29, 2026, Strategy held about 762,099 Bitcoin acquired for about $57.69 billion. The average purchase price stood at about $75,694 per Bitcoin, including fees and expenses.
In the same filing, Strategy said it did not sell shares under its at-the-market offering program and did not buy Bitcoin during the period from March 23 to March 29, 2026. This pause ended a long run of weekly purchases, but it did not change the company’s overall treasury position.
Strategy’s main dashboard also shows that the company held about $2.25 billion in USD reserves alongside its Bitcoin position. This leaves investors focused on how Strategy balances preferred stock funding, Bitcoin accumulation, and share pricing.
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