preferredstock News & Analysis
4 articles
Market Mood
MSTR Purchases 520 Bitcoin for $35 Million Amid Price Decline
Strategy (MSTR) acquired 520 Bitcoin for $35 million, increasing its total Bitcoin holdings to 847,363 BTC valued at $54.79 billion. The company has also boosted its cash reserves by $300 million to $1.40 billion. Despite these purchases, MSTR's preferred stock has fallen to $88.59 from a par value of $100, leading to questions about dividend sustainability, currently yielding 12.5%. Over the past year, MSTR has declined by 69%, with the share price currently at $112.53, while Bitcoin trades at $64,850.
Read More: MSTR Purchases 520 Bitcoin for $35 Million Amid Price Decline
Stretch (STRC) Preferred Stock Hits $82.53, Lowest Since Debut
Stretch (STRC), the Bitcoin-buying firm’s preferred stock, reached a low of $82.53, marking its lowest level since debuting in July 2022. It has previously traded at or above its $100 par value, raising billions in proceeds through new offerings. The stock currently delivers an annual dividend of 11.5%, attracting investors despite recent volatility. Some investors, including those holding positions of approximately $400,000 to $425,000, express concern about the stock's performance while still maintaining their investments.
Read More: Stretch (STRC) Preferred Stock Hits $82.53, Lowest Since Debut
Alphabet (GOOG) Raises Dividend to $0.22, Offers 6% Yield
Alphabet (GOOG) increased its dividend from $0.20 to $0.22 per share, resulting in an approximate yield of 0.24%. The company recently raised $85 billion through equity issuance, with 20% in mandatory convertible preferred stock that yields over 6%. These new preferred shares will convert to common stock on May 15, 2029, potentially impacting dividend yields significantly. Investors should be aware of the conversion rates and their implications on share value at various price points.
Read More: Alphabet (GOOG) Raises Dividend to $0.22, Offers 6% Yield
Bluerock Homes Trust (BLK) CFO Vohs Purchases $54,000 Preferred Stock
Bluerock Homes Trust (BLK) CFO Vohs purchased $54,000 in preferred stock. This investment could signal confidence in the company's financial performance and future growth prospects. Insider buying may influence market perception and investor sentiment regarding Bluerock Homes Trust. The timing and size of this transaction are noteworthy as they may indicate a positive outlook from the leadership.
Read More: Bluerock Homes Trust (BLK) CFO Vohs Purchases $54,000 Preferred Stock