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Strategy Seeks Approval to Pay Dividends Daily on Preferred Stocks

Strategy is seeking shareholder approval to shift dividend payments on STRC and its three other preferred stocks to a daily schedule, following a similar move by Bitcoin treasury firm Strive, Cointelegraph reported.

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Strategy Seeks Approval to Pay Dividends Daily on Preferred Stocks

Strategy is asking shareholders to approve a change that would move its preferred-stock dividend payments to a daily schedule. The proposal covers STRC and the company’s three other preferred stocks. The planned adjustment follows a similar move by Strive, another Bitcoin treasury firm, according to Cointelegraph. The source did not provide further details on the timing of the vote, the size of the dividends, or any changes to the underlying securities. Investors tracking Bitcoin-related public companies may view the proposal as part of a broader effort among treasury firms to modify the structure and frequency of preferred-stock distributions. Any implementation remains subject to shareholder approval.

Source Cointelegraph Written by Moneyiar based on reporting from the cited source and Moneyiar market data.
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