MicroStrategy keeps STRC dividend at 11.5% for May as MSTR posts first monthly gain in nine
MicroStrategy (MSTR), the largest publicly traded bitcoin holder, will keep the dividend on its perpetual preferred unit Stretch (STRC) at 11.5% for May — the third straight month at that rate. The company said April’s volume-weighted average price (VWAP) for STRC was $99.76, close enough to its $100 par value to justify leaving the payout unchanged.
STRC launched in July 2025 with a 9% dividend and has seen successive increases as MicroStrategy seeks to dampen price swings and keep the security anchored near par. The firm markets STRC as a short-duration, high-yield savings alternative that pays monthly cash distributions. STRC was trading around $99.75 and has sat below par since April 15; based on recent patterns, a return to $100 is expected next week.
On the equity side, MSTR common stock showed signs of recovery, closing April at $165 — a 33% gain and the company’s first positive month in nine. That follows a dramatic 75% decline stretched across eight straight losing months from August 2025 through March 2026, according to TradingView. The broader market helped: bitcoin climbed about 12% in April, its best month since April 2025.
Looking ahead, MicroStrategy is also weighing a change to STRC’s payout cadence, moving from monthly to semi-monthly distributions to further reduce volatility.
Read more: Why Michael Saylor's MicroStrategy decided to make STRC's dividend bi‑monthly.
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