Update
Strategy's STRC Returns to $100 After Dividend Approval
Strategy's STRC preferred stock closed at $99.92 after shareholders approved daily dividends. The stock was eight cents below its $100 stated value. Executive Chairman Michael Saylor stated that preliminary results from the Oct. 28 vote showed 99.3% of votes cast supported the amendment, allowing the company's four US-listed preferred securities to accrue dividends every calendar day. The change increases payment frequency without raising the annual dividend rates.