Strategy plans to change the STRC preferred stock dividends to a semi-monthly distribution.
According to Odaily, Strategy has proposed to adjust the dividend mechanism for its STRC preferred shares, planning to change the current monthly dividend distribution to twice a month (every half month), subject to shareholder approval.
STRC is a perpetual preferred share that aims to trade close to a face value of 100 US dollars and adjusts its price through a floating dividend mechanism. The current annualized dividend is about 11.5%. The company stated that increasing the dividend frequency will help reduce reinvestment lag, enhance market liquidity, and strengthen price stability.
STRC is one of the series of preferred stock financing instruments from Strategy, which together with STRF, STRE, STRK, and STRD, makes up its capital structure. These instruments have helped the company raise significant funds to continue increasing its Bitcoin holdings.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Silver Price Forecast: XAG/USD remains vulnerable near $60

BMO analyst: The cooling of inflation exceeded expectations
Roche (RHHBY.US) BTK inhibitor submitted for listing
On September 30, Roche (RHHBY.US) announced that the U.S. FDA has accepted the New Drug Application (NDA) for its non-covalent BTK inhibitor, fenebrutinib.
Ghana bill would give state special share rights in mining firms, draft shows
