Strategy's Stretch Preferreds Offer An 11.5% Yield Paid Monthly

Pacifica Yield13.91K FollowersFollow5ShareSavePlay(7min)CommentsSummaryStrategy's STRC is a perpetual preferred stock with an 11.50% current yield, paid monthly.The preferred coupons are supported by USD reserves of $2.25 billion, which provide coverage for 21.8 months.MSTR recently issued around 10 million new STRC shares to fund the purchase of 13,900 BTC and can raise up to $21.6 billion using STRC. klamb_s/iStock via Getty Images Strategy's (MSTR) Variable Rate Series A Perpetual Stretch Preferreds (STRC) offer an attractive double-digit dividend yield on a monthly distribution schedule that's attractive for yield-hungry investors looking for a low-risk security to gain exposure to Bitcoin (This article was written byPacifica Yield13.91K FollowersFollowThe equity market is a powerful mechanism as daily fluctuations in price get aggregated to incredible wealth creation or destruction over the long term. Pacifica Yield aims to pursue long-term wealth creation with a focus on undervalued yet high-growth companies, high-dividend tickers, REITs, and green energy firms.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.