Funding
Strategy Inc. Plans Daily Dividends for STRC Preferred Shares
Bitcoin treasury company Strategy Inc. (Nasdaq: MSTR) has announced plans to begin paying daily cash dividends on its STRC preferred shares starting in November. The company intends to maintain the 12% annual dividend rate and maintain the stock trading near $100 per share. The proposed payment schedule would distribute $1 per STRC share during November, with daily dividends of either $0.03 or $0.04 per share, payable on the business day following each record date. The first payment is scheduled for Nov. 2, with the final November dividend payable Dec. 1. The company’s board declared the November payments on Oct. 15, subject to shareholder approval by Oct. 31.