STRC Preferred Dividend Holds Steady at 12 Percent

The preferred shares of STRC are currently offering a 12 percent dividend yield. This payout remains in place while the market price of the shares stays below the $100 par value mark.

Those who hold these preferred shares previously saw a bump in their payout after the price stayed under the par value for a full month. This structure was designed to reward investors while the asset trades at a discount to its face value.

Traders are watching the price action closely to see if the valuation moves toward the $100 level. Any shift in price will determine whether the current dividend strategy remains the same or changes in the near future.