Michael Saylor's Strategy Declares Daily Dividends for November on STRC Preferred Shares

The company’s board has approved cash dividends for each calendar day from November 1 through November 30, with dividend payments starting on November 2. According to a Form 8-K filing with the Securities and Exchange Commission, each dividend will be paid on the business day following the record date determining shareholders.

STRC's annual dividend rate will remain steady at 12% throughout November. Strategy’s management intends to maintain this rate recommendation until the stock achieves consistent and healthy trading near the $100 per share mark.

Offering daily dividends could enhance the attractiveness of STRC to investors and support the stock trading close to its nominal value of $100 per share. STRC serves as a key instrument for Strategy to raise capital necessary for purchasing Bitcoin (BTC).

On Friday, STRC’s price dipped 0.2% to $99.32 as of 13:36 UTC, per Yahoo Finance data.

In the prior week, Strategy acquired an additional 250 bitcoins valued at $21.5 million, raising its total Bitcoin holdings to 848,250 BTC. For the week ending October 4, the company spent $176 million to repurchase STRC shares, a sum more than six times the $28 million it allocated for Bitcoin purchases during that period.

On June 29, Strategy introduced a capital structure allowing it to sell bitcoins to fund dividends and simultaneously increased STRC's annual dividend rate to 12%.

The declaration of daily dividends on STRC underlines Strategy’s ongoing efforts to maintain shareholder value and liquidity while supporting its capital structure to fund Bitcoin acquisitions.