Strategy Seeks Daily Dividends for Preferred Stocks

Strategy, a company focused on Bitcoin and preferred equity investments, is proposing daily dividends for four of its U.S.-listed preferred stocks. The proposal aims to support price stability, liquidity, and demand by making payments more frequent.

The board approved the plan on September 24th, with shareholders set to vote at a virtual special meeting on October 28th. If approved, STRC would be the first to implement daily dividends starting November 1st, followed by STRF, STRK, and STRD in January.

Strategy co-founder Michael Saylor stated that the change aims to 'support price stability, liquidity, and demand.' The company believes that more frequent payments will improve trading efficiency and reinvestment timing, making its preferred securities more attractive to investors. This could also lead to increased demand for Strategy's preferred stocks, driving up the price of Bitcoin per share.