Strategy Seeks Approval for Daily Preferred Dividends

Strategy has filed a preliminary proxy asking common shareholders to approve daily dividends for its four US-listed preferred stocks: STRC, STRF, STRK and STRD. The shareholder vote will take place online on October 28, 2026. Under the proposal, every calendar day would become a dividend record date, including weekends and holidays. Payments would be made on the next business day, while dividend rates and total annual payouts would remain unchanged. STRC currently pays twice monthly, while the other preferred stocks pay quarterly. STRC is expected to adopt daily dividends first. Its first record date is expected on November 1, with payment on November 2. STRF, STRK and STRD are expected to follow in January 2027. At a 12% annual rate, a $100 STRC share would accrue about 3 to 4 cents in dividends per day. Strategy says daily preferred dividends could reduce ex-dividend price volatility, improve liquidity and help STRC trade near its $100 stated value. The median STRC ex-dividend decline fell to 0.36% under semi-monthly payments, from 0.49% under monthly payments. The proposal follows a period of leverage-related pressure that pushed STRC to about $71.25 in June. It has since recovered to around $98.41. Only common shareholders registered on September 25 can vote, and approval requires more than half of the voting power. Executive Chairman Michael Saylor controls 32.9% of that power, while preferred shareholders cannot vote. Strategy has also doubled its preferred-stock repurchase authorization to $2 billion after buying STRC near $97. The company plans to maintain US dollar reserves and repurchase STRC below its stated value to limit forced selling. Strategy holds about 846,000 BTC, compared with Strive’s 26,355 BTC.