Strategy Shares Fall 9.56% as Daily STRC Dividends Await Vote

Strategy shares closed down 9.56% at $136.83 on Friday, Oct. 16, the day the company filed a plan for daily November dividends on its STRC preferred stock. The board declared a dividend for each day from Nov. 1 through Nov. 30, totaling $1 per share at a 12% annual rate. Daily amounts are listed as $0.03 or $0.04. If the plan takes effect, each payment is scheduled for the next business day after its record date, from Nov. 2 through Dec. 1. The schedule depends on shareholders approving amendments at a special meeting on Oct. 28 at 10 a.m.

Also reported by Coindoo.

Source: TokenPost