Strategy Proposes Daily Dividend Record Dates for Four Preferred Stocks

Strategy Inc., the Nasdaq-listed company behind Michael Saylor and Phong Le, has proposed a significant change to its dividend policy. The company wants to introduce daily record dates for four of its preferred stocks: STRF, STRC, STRK, and STRD. This means that dividends would accrue every calendar day, including weekends and holidays.

Shareholders will vote on the proposal at a virtual special meeting on October 28. If approved, the change would divide existing regular dividend amounts into more frequent payments. STRC currently pays dividends twice monthly, while STRF, STRK, and STRD pay quarterly.

The new policy aims to reduce reinvestment lag, enhance liquidity, and increase price stability. Strategy believes that increased demand for its preferred shares could drive its Amplification and Bitcoin Per Share measures. The company's board argues that stronger demand for those securities could improve access to preferred equity capital for bitcoin purchases.