Strategy plans to pay dividends on its STRC preferred stock every day instead of twice a month. The plan depends on a common stockholder vote on October 28, and the November total stays the same either way.
Strategy Inc said in an SEC 8-K filing on October 16, 2026 that it would conditionally declare daily cash dividends on its Variable Rate Series A Perpetual Stretch Preferred Stock, known by the ticker STRC. The November total comes to $1.00 per share, a 12% annualized rate.
Two conditions for the daily schedule
First, common stockholders must approve an amendment allowing daily dividends at a special meeting on October 28, 2026, at 10:00 a.m. Second, the amended certificate must be filed by November 1.
If both conditions are met, Strategy expects the first daily payment on November 2, 2026. STRC currently pays semi-monthly dividends of $0.50 per share, which adds up to the same $1.00 for the month. If the amendment passes, those payments will be suspended and replaced by the daily structure. If it fails, the semi-monthly schedule keeps running.
A 12% rate and a price below par
The 12% rate has held steady since mid-2026. The company frames that consistency as part of an effort to get STRC trading stably around its $100 par value before it considers any changes to the rate.
STRC has traded under $100 par since May 2026 and hit a low of $71 in June.
How the payout schedule shortened
The stock originally paid monthly before it moved to semi-monthly payments in mid-2026, a change aimed at improving liquidity and trading efficiency. A preliminary proxy filed on September 25, 2026 asked shareholders to back daily accruals for STRC and for three other preferred stock series.
Strategy, formerly known as MicroStrategy, is the largest corporate holder of Bitcoin. It uses instruments like STRC to raise capital for Bitcoin purchases while avoiding significant dilution of its common stock.
The dividends, if declared, are expected to be treated as non-taxable returns of capital for shareholders, up to their tax basis.
Even with a yes vote, the certificate must be filed by November 1, leaving a short window between the meeting and the first payment.
Source: Crypto Briefing
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