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Strategy (MSTR) Shareholders Approve Daily Dividends on Four Preferred Stocks

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Micah Zimmerman.

Strategy (MSTR) shareholders approved paying daily dividends on four of its preferred stocks.

Key facts

Summary

Strategy shareholders have approved the Daily Dividends amendment, the company announced Wednesday. The amendment allows STRF, STRC, STRK and STRD to accrue dividends every calendar day, including weekends and holidays. The proposal surfaced on September 25, when the company asked holders to attend a special meeting on October 28. At the time Strategy said that they “believe these enhancements can also benefit their common stockholders by increasing the attractiveness and utility of their Digital Credit instruments, supporting their ability to access preferred equity capital efficiently and expanding the capital markets toolkit they use to execute their Bitcoin Treasury strategy.

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