Strategy shareholders approve daily dividend payments on preferred stock (STRC starting November, STRF/STRK/STRD in January) with 99.3% approval.
Ecosystem ·
Strategy shareholders voted to permit its four preferred stocks—STRF, STRC, STRK, and STRD—to accrue dividends on every calendar day rather than on a fixed annual schedule. The amendment received 99.3% approval at a special shareholder meeting, with STRC launching daily accrual on November 1 and the other three classes beginning January 1. Dividends falling on non-trading days will be consolidated and paid on the following business day, according to an SEC filing referenced in reporting.
The shift moves STRC from 24 annual record dates to 365, a change the company said would reduce price instability in its preferred shares. STRC has traded near its $100 par value, prompting Strategy to redirect capital toward buybacks rather than Bitcoin purchases in recent weeks. The adjustment remains contingent on Strategy filing formal amended terms for each stock class.
The timing coincides with potential headwinds: Strategy faces possible removal from MSCI equity indexes under a new rule treating single-asset-dominated balance sheets as ineligible, with affected companies to be announced November 11. The practical mechanics of the daily accrual structure mean investors' eligibility for bundled weekend and holiday dividends depends on settlement timing and whether shares are held through Nasdaq or traded elsewhere.