Strategy Proposes Daily Dividends for Preferred Stocks Amid STRC Struggles

Strategy Inc., the parent company of Michael Saylor's Bitcoin treasury firm MSTR, has proposed a significant change to its preferred stock offerings. The proposal would introduce daily dividend payments for all four U.S.-traded preferred shares: STRF, STRC, STRK, and STRD.

The modified payment schedule would make every calendar day a record date for dividends, with distributions arriving the next business day. This approach is slightly different from that of Strive, which distributes daily dividends only on business days.

STRC shares have been struggling to reach their $100 par value since May, trading as low as $71 in June. CEO Phong Le attributed this decline to unanticipated leveraged trading activity in STRC.