Strategy (MSTR) turns to daily dividends in push to restore STRC to $100
Summary
Strategy is asking shareholders to approve daily dividend accruals and next-business-day payments for its four U.S.-listed preferred stocks, without changing dividend rates or total regular payouts. The vote is scheduled for Oct. 28; if approved, STRC’s first daily dividend would be paid Nov. 2. Strategy says the change aims to support STRC’s trading price near its $100 stated value by making payments more frequent and smoothing price moves. STRC currently pays a 12% annual dividend and trades around $98.65. Strategy has repurchased about $1 billion of preferred shares under a $2 billion program, including $174 million of STRC in the week ended Sept. 20.
