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Strategy Proposes Daily Dividends for STRC, Preferred Stocks
The plan would keep dividend rates unchanged while aiming to support STRC’s trading price near its $100 stated value.
- Strategy is asking shareholders to approve daily dividends across its four U.S. listed preferred stocks: STRF, STRC, STRK, and STRD. Dividends would accrue every calendar day, including weekends, with payments on the next business day.
- STRC has struggled to return to its $100 stated value since May, falling to as low as $71 during the June bitcoin selloff. Strategy aims to support a trading price closer to $100 by smoothing price moves around payment dates.
- Strategy has spent about $1 billion repurchasing preferred shares, including $174 million of STRC in the week ended Sept. 20. The firm's annual dividend rate is currently 12%, and the proposal leaves total regular dividend amounts unchanged.
- Shareholders are due to vote on Oct. 28, with STRC's first daily dividend paid on Nov. 2 if approved. This shift aims to attract income investors by reducing the wait to receive and reinvest dividends.
- Bitcoin traded around $83,600 on Friday, while MSTR is 2.15% lower, trading around $158. These market conditions persist as Strategy seeks to enhance stability of its preferred stock offerings through daily payments.
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26 Articles
26 Articles
Saylor's Strategy Proposes Dividends That Accrue 365 Days a Year
Strategy wants dividends on four preferred stocks to accrue every calendar day, including weekends and holidays. Payments would follow on the next business day if shareholders approve the change and the company declares the dividends. Strategy Seeks Daily Dividends on Four Stocks Holders of four Strategy preferred stocks could receive dividends more frequently under a […]
Illustrative image Photo: PexelsStrategy proposes daily dividends for STRC, STRD, STRK and STRF; vote must take place in October
Coverage Details
Total News Sources26
Leaning Left0Leaning Right1Center3Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
C 75%
R 25%
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