Strategy pays first daily dividend on Stretch preferred stock

The Bitcoin treasury company becomes the world's second issuer of a preferred stock that pays out every day Strategy has paid its first daily dividend on its Stretch preferred stock. That makes the company the world’s second issuer of a preferred stock that pays holders on a daily schedule. The move applies to the Variable Rate Series A Perpetual Stretch Preferred Stock, which trades on Nasdaq under the ticker STRC. Strategy Inc. (NASDAQ: MSTR), formerly known as MicroStrategy, has spent the past stretch of its corporate life turning capital markets into a funding pipeline for Bitcoin. Its preferred stock lineup is a big part of that machine. How the daily dividend works Shareholders voted on the amendment on October 28, 2026, and 99.3% of them backed it. The first daily record date for STRC was set for November 1, 2026. Payments were set to begin the following business day, with the initial distribution expected around November 2 to 3. For November, the annualized dividend rate sits at 12%. That works out to approximately $1.00 per share for the month, or roughly $0.03 to $0.04 per share on a daily basis. The amendment keeps every existing economic term of the stock in place. The ...