Saylor’s Strategy wants to pay STRC dividends daily as it spends $368.7 million defending the preferred stock’s $100 price

Strategy has proposed paying dividends on its STRC preferred stock every calendar day from November, keeping the 12% annual rate, if shareholders approve the change at a special meeting on October 28.

The company disclosed the plan in an October 16 SEC filing. STRC, which Strategy markets as a digital credit product, is trading just under its $100 benchmark after the company spent $368.7 million on buybacks between September 28 and October 11.

Strategy sets November schedule for STRC daily dividends

Under the proposed STRC Daily Dividends arrangement, shareholders would receive payments of approximately $0.03 or $0.04 per share, depending on the applicable daily dividend amount. Payments would be made on the business day following each record date, while dividends would continue to accrue on weekends and public holidays.

When banks are closed, payments covering multiple days could be combined. The first payment is scheduled for November 2, while the final November dividend would be payable on December 1.

Strategy’s board declared the proposed November dividends on October 15, subject to shareholder approval of the necessary changes. The company has scheduled a special shareholder meeting for October 28 to vote on amendments that would permit daily dividend record dates for its preferred stock.

For STRC Daily Dividends to begin as planned, the amendments must receive approval by October 31, and the revised governing documents must become effective by November 1.

If these conditions are not satisfied, Strategy will retain its existing dividend arrangement, including a previously declared payment scheduled for November 15. The company clarified that the proposed daily payments would replace that dividend rather than be paid in addition to it.

Investors should therefore distinguish between the announced plan and a confirmed payment schedule. The November arrangement remains conditional until the necessary approvals and amendments are completed.

The company’s official announcement provides the primary source for the proposed schedule: Strategy’s October 16 SEC filing.

Strategy maintains STRC’s 12% annual dividend rate

Strategy intends to keep STRC’s annual dividend rate at 12% for November if shareholders approve the proposed changes. Management has also indicated that it expects to maintain the rate until the preferred shares demonstrate sustained, healthy trading around their $100 benchmark.

The planned STRC Daily Dividends structure is designed to change the frequency of dividend payments rather than increase the company’s regular dividend obligations. By distributing income more frequently, Strategy aims to make the security more appealing to investors seeking regular cash returns.

STRC was recently trading slightly above $99 per share after reaching $99.94 on Wednesday, its highest level since May. That month was also the last time the shares traded at $100, according to the supplied report.

Officially designated Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, STRC is a perpetual security with a $100 par value and no maturity date. Strategy markets it as a digital credit product, giving investors income exposure through preferred stock linked to the company’s broader bitcoin treasury strategy.

The move toward STRC Daily Dividends follows earlier changes to the security’s payment structure. Strategy shifted STRC from monthly to twice-monthly dividends earlier in 2026 and announced in September that it intended to introduce daily payments across four preferred stock offerings.

The broader proposal also includes STRF, STRK and STRD, which currently pay declared dividends quarterly. Subject to the necessary approvals, daily record dates for these securities are expected to begin on January 1, 2027.

Strategy has argued that more frequent dividend payments could reduce the delays between receiving distributions and reinvesting the funds. The approach could also improve liquidity and help stabilize preferred share prices, although the actual effect will depend on investor demand and market conditions.

STRC daily dividends follow aggressive share repurchases

The planned introduction of STRC Daily Dividends comes as Strategy has spent heavily repurchasing its preferred shares to support their market value.

According to figures reported by Bitcoin.com News, Strategy spent approximately $368.7 million buying back STRC shares between September 28 and October 11. Over the same period, the company spent about $50.2 million purchasing bitcoin.

The difference between the two amounts has drawn attention to Strategy’s efforts to maintain STRC’s price near its $100 benchmark. Although the repurchases have helped push the shares toward that level, the scale of the buying activity raises questions about how sustainable the price support will be over time.

Introducing STRC Daily Dividends could provide another way to attract buyers, particularly investors who prioritize income-generating securities. More frequent distributions may appeal to shareholders who prefer regular cash payments rather than waiting for conventional dividend dates.

However, dividend frequency alone does not guarantee that STRC will trade consistently at $100. Its market price can still be influenced by demand, prevailing interest rates, the perceived risks associated with Strategy, and broader financial market conditions.

The proposed arrangement also has tax implications for U.S. investors. Strategy expects the November daily dividends, if paid, to be treated as nontaxable returns of capital for U.S. federal income tax purposes, up to each shareholder’s tax basis in the shares. The ultimate tax treatment will depend on the applicable rules and each investor’s circumstances.

Shareholder vote will determine the STRC dividend launch

The next major milestone for STRC Daily Dividends is Strategy’s October 28 shareholder meeting. Approval of the proposed amendments and their timely implementation will determine whether the new schedule begins in November.

If the company completes the required steps, STRC holders could receive daily dividend payments throughout the month while Strategy maintains its stated 12% annual rate. If the conditions are not met, the existing payment structure will remain in place.

The proposal forms part of Strategy’s broader effort to develop its preferred stock offerings alongside its substantial bitcoin holdings. The company currently holds approximately $69 billion worth of bitcoin, according to the supplied report, making its financing strategy closely tied to its position as a major corporate bitcoin treasury holder.

For investors, the key issue is whether the revised payment structure can support sustained demand without creating expectations that the company must continually intervene in the market to defend the share price.

The planned STRC Daily Dividends initiative offers a change in how investors would receive income, but its launch is not yet guaranteed. The shareholder vote, completion of the corporate amendments, and subsequent trading performance will determine whether the strategy delivers the intended benefits.