Strategy perpetual preferred stock STRC fell to $89, setting a new historical low

The variable rate perpetual preferred stock STRC issued by Strategy recently closed at $89, with an intraday low of $88.51, marking a recent low and a year-to-date decline of approximately 10.7%. STRC has a par value of $100 per share, and the current price is at a discount of about 11% to that benchmark.

According to the official website of Strategy, the current annualized dividend yield for STRC is 11.50%, and this rate can be adjusted monthly. The company previously stated that its goal is to maintain the trading price of STRC close to the $100 level.