Strategy proposes shift to semi-monthly dividends for STRC stock
Strategy Inc. has proposed a change to the dividend schedule of its STRC preferred stock.Strategy proposes STRC dividend payments move from monthly schedule to twice per month structure.STRC carries variable 11.5% annualized dividend and aims to trade near $100 par value.Shareholder vote scheduled June 8 will decide approval of new dividend payment structure.The proposal suggests moving payments from a monthly cycle to a semi-monthly structure, subject to shareholder approval.STRC, known as Variable Rate Series A Perpetual Stretch Preferred Stock, is designed to trade near a $100 par value. It currently offers a variable dividend with an annualized rate of 11.5%.Alongside STRC, the company has issued other preferred stocks including STRF, STRE, STRK, and STRD. Unlike STRC, these carry fixed dividend rates and different payout terms.The company also reported recent activity in STRC trading. Earlier in the week, STRC saw a trading volume of $1.1 billion in a single day, which was higher