Dividend Clipping: STRC ↔ SATA

Simulate rotating between two monthly dividend preferreds: hold STRC (Strategy Stretch — 11.5% variable rate, ex-div ~15th) until after the dividend, then rotate into SATA (Strive preferred — 12.75% variable rate, ex-div end of month). Set buy and sell discounts for each — you may buy at a discount but also sell below par when you rotate, which affects proceeds and net income.

STRC — when you buy (start of month)

% below $100 par (0 = at par, 5 = $95)

0% ($100.00)

STRC — when you sell (rotate out ~15th)

% below $100 par — selling below par shrinks proceeds into SATA. Observed avg 15 days after ex-div: +0.1% (7 dates: 0.68%, 0.17%, 0.46%, −1.12%, 1.33%, −0.98%, 0.28%).

0% ($100.00)

SATA — when you buy (~15th)

% below $100 par (0 = at par, 5 = $95)

0% ($100.00)

SATA — when you sell (rotate out end of month)

% below $100 par — selling below par shrinks next cycle’s principal. Observed avg from ex-div to 15th (rotate-by): −0.6% (3 dates: −1.7%, +2.79%, −2.86%).

0% ($100.00)

Amount rotating (USD)

STRC 1st → 15th
Ex-div ~15th

SATA 15th → EOM
Ex-div end of month

STRC monthly dividend

—

SATA monthly dividend

—

Combined monthly income

—

Annual income (dividends only)

—

monthly × 12 — regardless of buy/sell prices

Proceeds + annual income

—

proceeds after rotation + annual income (moves with buy/sell)

Proceeds after rotation (EOM)

—

Annualized yield (on starting principal)

—

Annual yield if you only held STRC

—

buy & hold at your STRC buy price

Annual yield if you only held SATA

—

buy & hold at your SATA buy price

Sources & data
STRC (Strategy Inc 9% Perp Stretch Preferred, variable rate): strategy.com/stretch. Dividend history & chart: Nasdaq STRC dividend history.
SATA (Strive Inc Variable Rate Perpetual Preferred): treasury.strive.com (Credit). Dividend history & chart: Nasdaq SATA dividend history.