Strategy Seeks Shareholder Approval for Daily Dividends on Preferred Stocks

Strategy, a bitcoin treasury company, is seeking shareholder approval to pay daily dividends on its four U.S.-listed preferred stocks. The proposal would change the dividend payment schedule for STRF, STRC, STRK, and STRD, with every calendar day becoming a dividend record date. Payments would be made on the next business day, but the dividend rates and total annual payouts would remain unchanged.

The company filed a preliminary proxy statement on Friday for a virtual special meeting on October 28. According to the filing, STRC currently pays dividends twice a month, while the other three stocks pay quarterly. However, under the proposed changes, they would all move to daily payments, with the first payment made after a transition period.

Executive Chairman Michael Saylor wrote on X that the proposed changes aim to support price stability, liquidity, and demand. Strategy plans to file its definitive proxy on October 5, when voting is expected to open.