Strategy Inc. Plans Daily STRC Dividends for November
- Strategy Inc. plans to distribute daily dividends totaling $1 per share for November, starting Nov. 2.
- The proposal requires shareholder approval at a meeting on Oct. 28 and amendments must be completed by Nov. 1.
- STRC shares recently traded at $99.88, nearing the $100 benchmark needed to maintain a 12% annual dividend rate.
- Strategy has repurchased approximately $368.7 million in STRC shares recently to support market prices.
- Bitcoin treasury holdings by Strategy are valued at about $69 billion.
Strategy Inc.’s move to initiate daily dividends is aimed at improving liquidity and stabilizing share prices, contingent on shareholder approval and necessary amendments by early November.
The proposed changes reflect Strategy’s efforts to make its preferred stock more attractive to investors while maintaining a competitive dividend rate amid active share repurchases.(Source)
