Strategy has scheduled an Oct. 28 vote on allowing daily dividend record dates for four preferred stocks: STRC, STRF, STRK and STRD. Approval requires a majority of the voting power of all outstanding common stock, not just votes cast. Only common stockholders of record on Sept. 25 can vote; abstentions and broker non-votes count against the change.
Strategy’s board has conditionally declared STRC dividends totaling $1.00 per share across Nov. 1–30, at a 12% annual rate. The daily payouts will not take effect unless shareholders approve the change by 5:00 p.m. ET on Oct. 31 and the amended certificate is effective by 12:01 a.m. ET on Nov. 1. Otherwise, holders receive the previously declared Nov. 15 dividend instead, not both. Strategy plans to report third-quarter results on Oct. 29.
