Strategy Proposes Daily STRC Dividends From Nov. 2
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Strategy plans to switch its STRC preferred shares to daily cash dividends on Nov. 2, subject to shareholder approval, while retaining a 12% annual rate.
Strategy, the bitcoin treasury company associated with Michael Saylor, has proposed paying cash dividends daily on its STRC preferred shares beginning Nov. 2.
The change depends on shareholders approving revisions to STRC’s dividend structure. The proposed start date is therefore not yet confirmed.
Strategy also plans to retain STRC’s annual dividend rate of 12%. The company is seeking to keep the preferred shares trading close to $100 each.
Source: Bitcoin.com News
