Strategy pays first daily dividend on Stretch preferred stock

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Strategy paid its first daily dividend on Variable Rate Series A Perpetual Stretch Preferred Stock, traded on Nasdaq under the STRC ticker. Shareholders approved the payment-schedule amendment by 99.3% on October 28, 2026, with the first record date set for November 1 and the initial distribution expected around November 2 or 3. The annualized rate is 12%, equivalent to approximately $1 per share for November, or about $0.03 to $0.04 per share each day. Economic terms, investor protections and the total payout remain unchanged, while payments move from twice monthly to a daily schedule intended to reduce price declines around ex-dividend dates. Strategy’s other three Nasdaq-listed preferred stock series, Strife, Strike and Stride, are scheduled to adopt the same daily structure on January 1, 2027.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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