The strategy proposes semi-monthly dividends on its popular preferred shares STRC
"[The] proposed changes are intended to stabilize the price, mitigate cyclicality, boost liquidity, and increase demand," said Executive Chairman Michael Saylor.
What you need to know:
Strategy proposed to change the dividend payments of its high-yield preferred shares STRC from monthly to biweekly. The move will not alter the yield or dividend obligation of the Strategy, but it is expected to further reduce the volatility of STRC. If approved, the first biweekly payment will be on July 15.
"[The] proposed changes are intended to stabilize the price, mitigate cyclicality, boost liquidity, and increase demand," said Executive Chairman Michael Saylor.
What you need to know:
Strategy proposed to change the dividend payments of its high-yield preferred shares STRC from monthly to biweekly. The move will not alter the yield or dividend obligation of the Strategy, but it is expected to further reduce the volatility of STRC. If approved, the first biweekly payment will be on July 15.