Strategy seeks shareholder approval for daily dividends on US preferred stocks

Strategy Inc. is seeking shareholder approval to implement a daily dividend payment schedule for its U.S.-listed preferred stocks, including STRC. This proposal forms part of the company’s broader digital credit strategy. The board of Strategy Inc. approved the motion to present this amendment to stockholders, aiming to shift the dividend record date to every calendar day while maintaining the current dividend terms and total annual payout. The proposed change is anticipated to affect STRC first, which currently offers a 12.00% annual dividend rate, following its recent move from monthly to semi-monthly dividend payments. Key Takeaways The proposal appears consistent with a strategy aimed at enhancing liquidity and investor confidence, potentially influencing market expectations positively. Market pricing suggests an increased likelihood of STRC reaching $100 by December 31, with odds currently at 80.5% for this outcome. The September 30 market for STRC hitting $100 remains low at 8% YES, indicating limited expectations for a short-term price surge. What to Watch Watch for the upcoming special meeting where Strategy’s shareholders will vote on the daily dividend proposal. Approval ...