Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) Announces Dividend of $0.03
Strategy said the change will let dividends accrue daily without altering annual rates, and preliminary results showed 99.3% of votes cast supported the plan.
- On Wednesday, Strategy shareholders approved switching four preferred stock classes—STRF, STRC, STRK, and STRD—to daily dividend schedules, with Executive Chairman Michael Saylor reporting 99.3% of votes cast in favor.
- Strategy proposed the change in September to shorten the time investors wait to receive income, while confirming that total dividend obligations and existing protections for the securities remain unchanged.
- Implementation begins November 1 for STRC, with STRF, STRK, and STRD following on January 1, 2027; payments will shift to the preceding business day because the Depository Trust Company does not recognize weekend record dates.
- Dividend processing will continue to follow existing trading and settlement arrangements, meaning several daily dividends may share a single record date and ex-dividend date with payments distributed together.
- Strategy remains the largest publicly traded corporate Bitcoin holder with 848,517 BTC; earlier this week, the company repurchased $204.9 million of STRC, managing its cash balance and preferred stock obligations.
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Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) Announces Dividend of $0.03
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) announced a dividend on Thursday, October 29th. Stockholders of record on Wednesday, November 11th will be paid a dividend of $0.03 per share on Thursday, November 12th. The ex-dividend date of this dividend is Wednesday, November 11th. This is a 25.0% decrease from Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock's previous dividend of $0.04.
Strategy Shareholders Approve Daily Dividends on Its Four Preferred Stocks
Strategy shareholders voted on Oct. 28 to let the company pay daily dividends on its four perpetual preferred stocks, STRF, STRC, STRK and STRD, according to preliminary results the company disclosed in a Form 8-K the same day. The filing says Strategy obtained the required vote from holders of its common stock as of the Sept. 25 record date to adopt amended certificates of designations for each of the four series. It does not give a vote count.…
Strategy approves daily dividends for STRC, STRF, STRK, STRD
Strategy shareholders have approved a proposal to introduce daily dividends across four classes of preferred stock, with the new schedule set to begin in November for STRC and January 2027 for the remaining securities. According to an October 28 filing…
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