Strategy Sets Up Daily STRC Dividends Ahead of October Vote

The board approved the conditional declaration on October 15, according to an October 16 regulatory filing . The change will only take effect if shareholders approve amended terms for STRC and Strategy completes the related filing before November begins. November’s dividends would be smaller, but more frequent STRC currently pays dividends twice a month. Under the proposed schedule, every day in November would become a record date, with the related dividend paid on the next business day. Strategy first proposed daily dividends for STRC and three other preferred stocks ahead of the October 28 vote.

Source: Coindoo