Every 1% enhance in coupon shaves off roughly 1x of torque over 10 years. STRK’s 8% is the candy spot for optimum torque. STRD’s 11.75% is dear, limiting upside.
If MSTR can skip your dividend with out consequence (like in STRD), you’re taking extra threat. In STRF and STRC, they’ll owe you back-payments, which protects your long-term return.
Solely STRK is convertible. Which means you would possibly find yourself with MSTR shares if issues go effectively — including upside torque. However that additionally dilutes present frequent shareholders.
Quarterly (STRK, STRF, STRD) might go well with establishments and funds.Month-to-month (STRC) appeals to these needing common money, like pensions and income-focused buyers.
Even when a most popular trades at $85 or $118, MicroStrategy pays the coupon on the par worth ($100). For buyers, this implies yields differ based mostly on market value. For MicroStrategy, what issues is what they agreed to pay at issuance.
