STRD Dividend: 10% Non-Cumulative — The Junior High-Yielder
Terms, risks, and why STRD yields more than its siblings
STRD ("Stride") is Strategy's most junior preferred stock: a fixed 10.00% dividend on a $100 stated amount, paid quarterly if declared — but non-cumulative, meaning any skipped payment is gone for good.
STRD sits just above MSTR common stock in the capital stack. It absorbs more risk than STRF, STRC and STRK, and the market typically demands a higher effective yield on it in exchange.
Key Terms
Most junior of the preferred series; skipped dividends are gone permanently (non-cumulative).
Frequently Asked Questions
What is STRD stock?›
STRD is Strategy Inc's 10.00% Series A Perpetual Stride Preferred Stock — the most junior of the company's preferred series, with a $100 stated amount and non-cumulative quarterly dividends.
What does non-cumulative mean for STRD holders?›
If Strategy's board decides not to declare an STRD dividend for a quarter, that payment is permanently lost — unlike STRF, STRC and STRK, where unpaid dividends accumulate as an obligation.
Why does STRD trade at a higher yield than STRF?›
Both pay a stated 10%, but STRD is junior to every other preferred series and its dividends are non-cumulative, so investors demand a bigger discount (higher effective yield) to hold it.
Official Sources
For information only — not investment advice. Preferred dividends are paid only if declared by the board, and none of these securities are collateralized by Strategy's Bitcoin holdings.