Strategy Approves Daily Dividends on Four Preferred Stocks

By Daniel Okafor

99.3% of votes cast backed Strategy’s Daily Dividends amendment at a special meeting on Oct. 28, 2026, preliminary results showed, authorizing daily dividend accrual across the Bitcoin treasury company’s four preferred stocks. The company reported the result after Wednesday’s special meeting.

“The $MSTR shareholders have approved the Daily Dividends amendment. Preliminary results show 99.3% of votes cast were in favor,” Strategy chairman Michael Saylor wrote on Oct. 28. The amendment applies to STRF, STRC, STRK and STRD, according to Saylor and an SEC filing.

“The amendment enables $STRF, $STRC, $STRK and $STRD to accrue dividends every calendar day,” Saylor added.

What changes for preferred shareholders?

Once Strategy files amended terms for each stock, every calendar day will become a record date for the four preferred issues, with payment due on the next business day. The shareholder vote alone does not put the schedule into effect, according to the filing.

• STRC: First daily record date Nov. 1; payment Nov. 2.
• STRF, STRK and STRD: First daily record date Jan. 1; payment Jan. 4.

The first implementation, STRC, moves from 24 record dates a year to 365. Strategy proposed the amendment last month, saying daily accrual would help dampen volatility in its preferred shares. Daily accrual does not mean a cash payment on every calendar day: the filing sets payment on the next business day and groups entitlements tied to market holidays.

How will weekend and holiday dividends work?

The Depository Trust Company will treat a weekend or holiday record date as falling on the previous business day, and Nasdaq will use that day as the ex-dividend date. Dividends assigned to those dates will therefore be grouped and paid together on the next business day.

Strategy’s example starts with Friday, Nov. 6: record dates on Nov. 6, Saturday, Nov. 7 and Sunday, Nov. 8 would all be treated as Nov. 6 record dates and paid together Monday, Nov. 9.

Because trades settle the next business day, an investor buying STRC on Nov. 6 would receive none of the three dividends, while an investor selling that day would receive all three.

Strategy warned that treatment could differ for shares traded outside Nasdaq or held through some brokers. Investors’ entitlement thus depends partly on venue and settlement path, even though the amended terms set a common daily record-date framework.

Why is STRC in focus?

STRC traded at $99.86 on Wednesday, just below its $100 par value, according to Yahoo Finance. Last week, Strategy paused its Bitcoin buying for the first time since mid-September and spent $204.9 million buying back STRC instead. The company has been working to support the preferred issue ahead of its transition to daily record dates.

That support comes as Strategy faces possible removal from MSCI’s widely tracked equity indexes. The index provider finalized a rule this month that treats companies whose balance sheets are dominated by a single asset as ineligible. MSCI will publish the list of affected companies on Nov. 11.

What remains unresolved?

Strategy must still file amended terms for each of STRC, STRF, STRK and STRD, according to the SEC filing. The next dated test is MSCI’s Nov. 11 publication, while STRC’s Nov. 1 record date remains contingent on those filings.