Strategy proposes daily dividends to bring STRC back toward $100
Strategy (MSTR) is asking shareholders to approve a change to daily dividend accrual and payment timing for its four U.S.-listed preferred stocks, including STRC, with a vote set for Oct. 28. The proposal would not change dividend rates or total regular payouts but would have dividends accrue every calendar day and be paid on the next business day, with STRC's first daily dividend slated for Nov. 2 if approved.
Why It Matters
The company says the timing change aims to bring STRC’s market price closer to its $100 stated value by making income more immediately available to investors and smoothing price moves around payment dates. STRC has traded below $100 since May despite a 12% annual dividend and substantial buybacks, so the shift could affect how income-focused investors view the preferred shares.
Key Facts
- Shareholder vote: Scheduled for Oct. 28, 2026
- Securities affected: Four U.S.-listed preferred stocks: STRF, STRC, STRK, STRD
- Change proposed: Dividends to accrue every calendar day and be paid on the next business day
- Dividend rates: Unchanged (STRC annual rate: 12%)
- First payment if approved: STRC first daily dividend to be paid on Nov. 2, 2026
Strategy (ticker MSTR) has proposed that dividends on its four U.S.-listed preferred shares — STRF, STRC, STRK and STRD — accrue daily, including weekends and holidays, and be paid on the following business day. The company says the move would alter only the timing of payments; dividend rates and total regular payout amounts would remain the same. Shareholders are scheduled to vote on the proposal on Oct. 28.
The change is being positioned primarily to support STRC, which shifted from monthly to bi-monthly payments in June but has still traded below its $100 stated value since May. STRC’s annual dividend rate stands at 12%; the preferred share dropped as low as $71 during June’s bitcoin selloff. As of the article, STRC was trading around $98.65, leaving a small gap to the stated $100 value.
Strategy has been repurchasing preferred shares under a $2 billion program, spending about $1 billion so far; $174 million of STRC was bought in the week ended Sept. 20. The company cited a perpetual preferred issued by Strive (ticker ASST) — SATA, which pays dividends every business day at a 13% annual rate and remains near $100 — as a reason STRC has lagged; daily payments for STRC are presented as a potential catalyst to close that gap.
The firm also reported holding 846,000 BTC, acquired for $63.80 billion at an average price of $75,416 per coin. At the time of the report, bitcoin traded around $83,600 and MSTR’s common stock was quoted near $158.63, about 2.15% lower on the day.
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