Part 10/13:
Stretch is designed to maintain a stable share price around $100. Strategy plans to adjust dividend rates if the share price drops below certain thresholds—adding 0.25% if below $99, or 0.5% if below $95. Conversely, if the price exceeds $110, Strategy may reduce dividends or issue more shares to bring the price back in line.
Since its initial issuance at a 9% dividend, the company has increased the rate to 10.5%, reflecting confidence in the asset and its appeal to income investors. Its low volatility—with a 30-day volatility measure of just 8%—further adds stability for investors seeking predictable income.