💰 Dividend Update: Good news for STRC (Stretch) investors!
Strategy Inc. has proposed a new dividend plan for its STRC (Stretch) preferred stock! 📈
What's changed?
Double Frequency: The company plans to change STRC dividends from monthly to semi-monthly (twice a month).
Yield Same, Payment Higher: The annual dividend yield will remain at 11.5%, but now you can expect to see double the payout frequency.
Why is this change being made?
According to CEO Phong Le and Executive Chairman Michael Saylor, the purpose of this move is:
To make the STRC stock price more stable.
To reduce cyclical trading swings.
To increase liquidity and demand in the market.
Important Dates:
Voting: Voting on this proposal will end on June 8.
First Payment: If the proposal is approved, the first semi-monthly payout is expected on July 15.
Investor's Insight:
STRC has now become a popular financing vehicle supporting Bitcoin accumulation strategies. This update could be very appealing to investors seeking market stability along with a steady income stream.
Do you invest in STRC or have it on your watchlist? Share your opinion in the comments section below! 👇
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