Strategy to Switch STRC Preferred Stock Dividends to Twice-Monthly Payments
Strategy plans to double the payment frequency of its Stretch (STRC) preferred stock dividends starting mid-July, moving from monthly to bi-monthly distributions.
Strategy, formerly known as MicroStrategy, is set to change the dividend payment schedule for its Stretch (STRC) preferred stock instrument beginning mid-July. Under a proposal presented by CEO Phong Le and Executive Chairman Michael Saylor, dividend distributions will shift from once to twice per month [1].
STRC was issued in July 2025 at an offering price of $90, targeting a par value of $100. The instrument currently carries an 11.5% dividend rate, which is adjusted monthly to keep the share price as close to the $100 par value as possible [1].
Unlike Strategy's other preferred stock instruments — STRK, STRF, STRD, and STRE — STRC features a variable rather than a fixed dividend rate. Management retains the discretion to adjust this rate in order to minimize price volatility. The company also maintains a liquidity buffer as a hedging mechanism [1].
The instrument is primarily aimed at investors seeking high monthly cash flow yields with relatively low price fluctuation. Capital raised through these offerings is directed toward Bitcoin acquisitions. Strategy currently holds 780,897 BTC [1].
Sources
- [1]btc-echo.de
AI-Assisted Content
This article was created with AI assistance. All facts are sourced from verified news outlets.