Strategy Seeks Daily Dividend Accrual for Four Preferred Shares

Strategy has proposed daily dividend accrual for four US-listed preferred shares: STRF, STRC, STRK and STRD. Dividends would accrue every day, including weekends and holidays.

Under the plan, the accrued amounts would be paid on the next business day. The stated goal is to make the preferred shares behave more like cash instruments.

The proposal would leave the preferred shares’ overall payout unchanged, according to the article. It would change when dividends accrue and are paid, not the total return described in the proposal.

The article points to STRC trading after its planned early move to daily payments, around November, as a checkpoint. Average bid-ask spreads and turnover could show whether the new schedule brings steadier pricing, the article says.