Strategy’s preferred “STRC” drops below par after ex-dividend date
📉 I’m seeing Strategy’s preferred stock STRC dip below the $100 par level, and the key thing is this looks like a classic ex dividend move, not some panic event.
🗓️ The drop happened right after the ex-dividend date, which is when the stock price typically adjusts downward because new buyers no longer receive the upcoming dividend payout.
⚙️ So basically, this kind of dip is often a mechanical price adjustment, since the dividend value gets “priced out” once the ex-dividend date passes.
💰 The bigger picture is that STRC is still viewed as attractive by many traders because it’s designed to offer a high yield, so demand can still stay strong even with these temporary dips.
🧠 My takeaway: STRC dropping under $100 looks more like normal market mechanics after dividends, and not a signal that the preferred is suddenly “breaking” or collapsing.
