Overview

A recent launch from MicroStrategy introduces the Series A Stride Preferred Stock (STRD), with an attractive 10% non-cumulative fixed dividend tailored for long-term investors.

Key Highlights

• Top Yield in Preferred Lineup: STRD features the highest yield of MicroStrategy’s preferred shares at 10.00%, outpacing both STRK’s 8% and STRF’s 10% (with higher seniority).
• Market Positioning: STRD offers a competitive yield along with zero management fees, designed to enhance the firm’s capital structure.

The STRD aims to fill the gap between the company’s higher-ranked STRF and convertible STRK shares, targeting long-duration yield interest.

Additional Insights

With its perpetual nature and solid dividend structure, STRD stands as a potent alternative in a marketplace dominated by low-fee ETFs and other financial instruments, such as:

• PFF: 7% yield with a 0.46% fee.
• USHY: 8% yield with a 0.08% fee.

The introduction of STRD aligns with MicroStrategy’s commitment to innovative capital raising strategies within the evolving digital asset landscape.