Strategy Holders Approve Daily Dividends On Four Preferred Stocks, STRC First On November 1
Common stockholders backed the change by 381,373,199 votes to 2,236,551; rates and total payouts stay the same.
Strategy, the bitcoin-holding company that also sells enterprise analytics software, won stockholder approval Wednesday to pay dividends every calendar day on four of its preferred stocks, 381,373,199 votes to 2,236,551, with 444,753 abstentions, according to an 8-K filed Thursday. STRC switches first, on November 1.
STRC first, three others in January
The amended terms cover STRF, STRC, STRK and STRD. The second amended certificate for STRC takes effect at 12:01 a.m. Eastern on November 1, 2026, and the amendments for STRF, STRK and STRD follow at 12:01 a.m. Eastern on January 1, 2027. Until then, each series stays under its existing terms.
Under each amended certificate, regular dividends will have a record date on every calendar day and, if declared, are payable the following business day. Before the change, STRC paid twice a month while the other three paid quarterly, according to a Yahoo Finance report.
Same rates, same total payout
The company said the change does not raise or lower the total regular dividends on any of the four stocks, alter their dividend rates or change its overall dividend obligations. Only the payment frequency and related terms move.
The Yahoo Finance report put STRC's annual rate at 12% on a $100 stated amount, with STRF and STRD at a fixed 10% and STRK at 8%. Only common stockholders voted.
The November 15 payment drops out
Strategy had already declared daily STRC dividends for each calendar day from November 1 through November 30, payable the next business day after each record date. Those were contingent on this vote and on the amended certificate taking effect, and both conditions are now met.
That means the semi-monthly STRC dividend previously declared for November 15 will not be paid. The Yahoo Finance report said STRC currently pays $0.50 per share each semi-monthly period on its $100 stated amount.
Strategy holds bitcoin as its main treasury reserve asset and funds purchases partly by issuing these preferred stocks, which the company calls digital credit.
The first daily STRC dividends carry record dates starting November 1, once the amended certificate takes effect at 12:01 a.m. Eastern.
Sources
- 8-K Filing — Strategy Inc (MSTR) — SEC EDGAR
- Exhibit mstr-ex3_1.htm — Strategy Inc 8-K exhibit — SEC EDGAR
- Strategy Wins Vote to Pay Daily Dividends on STRC, STRF, STRK and STRD — Yahoo Finance
