Strategy Seeks Shareholder Approval for Daily Preferred Dividends

Strategy, a company that operates a Bitcoin treasury, is seeking shareholder approval to make daily dividend payments for its preferred stock series STRC and others. The proposal would change how dividends are paid out without altering their rates or total amount.

The current system pays dividends periodically, but the new approach would treat every calendar day as a record date, with payment made on the next business day. This means that instead of waiting for periodic distributions, shareholders would receive dividend payments daily.

The first series to transition will be STRC, which is expected to start making daily dividend payments on November 2. The other three series, STRF, STRK, and STRD, will follow in January with the first payment date set for January 4.