Dividends
The 11.5%
comes every month.
STRC pays a variable dividend that adjusts monthly. Rates follow a rules-based framework anchored to $100 par. A steady rhythm, not a promise.
Annual Dividend Rate
11.5%
▲ unchangedfrom March
Monthly Per Share
$0.958/mo
$11.50 per year per $100 share
Next Payment
Apr 30
Ex-date: Apr 15
Upcoming dates
April 2026
Ex-Dividend
Apr 15, 2026
Own by prior close
Record Date
Apr 15, 2026
Holders of record
Payment
Apr 30, 2026
Cash to holders
Dividend rate over time
Declared rate resets each month. Each ball marks one month's published rate.
Declared rate
The rhythm
The dip isn't a loss.
It's the rhythm of payment.
STRC's share price drops on ex-dividend day by roughly the payment amount, a mechanical adjustment, not a reaction to news. Anyone who held through the ex-date receives the cash on the payment date. The rate-adjustment framework then works to pull the price back to $100 par. Whether that happens, and how fast, depends on market conditions.
9.6
trading days
Average time to recover to $100 par, across months where recovery occurred.
5 of 9 months recovered
Every ex-date, the bounce
RecoveredDid not recoverIn progress
Month
Ex-Date
Close
Days
Recovery path
Status
April 2026
2026-04-15
$99.32
--
In progress
March 2026
2026-03-13
$99.75
8
Recovered
February 2026
2026-02-13
$99.80
8
Recovered
January 2026
2026-01-15
$99.99
1
Recovered
December 2025
2025-12-15
$97.70
16
Recovered
November 2025
2025-11-14
$97.76
--
Did not recover
October 2025
2025-10-15
$98.38
15
Recovered
September 2025
2025-09-15
$96.90
--
Did not recover
August 2025
2025-08-15
$96.95
--
Did not recover
Recovery is not guaranteed. "Days" is trading days from ex-date to first close at or above $100.00. Months that didn't recover in this period still paid their dividends in cash.
Dividend history
Every month, paid in cash. Rate rises shown in gold.
Month
Rate
Trend
Ex-Date
Pay Date
Per Share
April 2026
11.50%
2026-04-15
2026-04-30
$0.958
March 2026
11.50%
2026-03-13
2026-03-31
$0.958
February 2026
11.25%
2026-02-13
2026-02-28
$0.938
January 2026
11.00%
2026-01-15
2026-01-31
$0.917
December 2025
10.75%
2025-12-15
2025-12-31
$0.896
November 2025
10.50%
2025-11-14
2025-11-30
$0.875
October 2025
10.25%
2025-10-15
2025-10-31
$0.854
September 2025
10.00%
2025-09-15
2025-09-30
$0.833
August 2025
9.00%
2025-08-15
2025-08-31
$0.800