Strategy Shareholders Approve Daily Dividend Amendment; STRC to Lead Implementation Starting Nov. 1

TechFlow reported on Oct. 28 that Strategy founder and Chairman Michael Saylor (@saylor) posted that MSTR shareholders have approved the daily dividend amendment, with preliminary results showing 99.3% of votes in favor. The amendment allows four preferred shares—STRF, STRC, STRK and STRD—to accrue dividends on each calendar day.

After the new rule takes effect, every calendar day will be a dividend record date, and dividends will be paid on the next business day. STRC's first record date and payment date are Nov. 1 and Nov. 2, respectively. STRF, STRK and STRD's first record dates and payment dates are Jan. 1 and Jan. 4 next year, respectively.

Source: TechFlow