Strategy (MSTR) Shareholders Approve Daily Dividends With 99.3% Support

Shareholders Back Daily Dividends

Strategy (MicroStrategy) (MSTR) shareholders have approved an amendment that lets the company pay daily dividends across its four perpetual preferred stocks, with preliminary results from a special meeting held on October 28 showing 99.3% of votes cast in favor. Executive Chairman Michael Saylor published the figure in a post on X shortly after the vote. The proposal went to holders on September 25, when the company asked them to attend the meeting and adopt amended certificates of designations for STRF, STRC, STRK and STRD. A perpetual preferred pays its stated dividend indefinitely with no maturity date, which is why the payment frequency matters to income investors.

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Under the approved structure, each series accrues dividends every calendar day, weekends and holidays included, and pays on the next business day. Scheduled dividend rates and total dividend obligations stay unchanged. When it put the amendment forward, Strategy said the change would reduce reinvestment lag, enhance liquidity and market efficiency, and increase price stability. It also argued the switch could benefit holders of its common stock by making its Digital Credit instruments more attractive and easier to fund, supporting efficient access to preferred equity capital and expanding the toolkit behind its Bitcoin treasury strategy.

STRC is the variable-rate member of the group, carrying a rate the company can adjust at its discretion, and shareholders had already approved moving it to semi-monthly payments in June; the daily amendment builds on that precedent. A comparable structure already runs elsewhere in the sector: Strive, a fellow bitcoin-treasury company, pays cash dividends every business day on its Variable Rate Series A Perpetual Preferred (SATA), a switch it completed on June 16. Final certification of the result will arrive in a company filing, and board action remains the last step before any new payment schedule starts.

Effective Dates and Settlement Mechanics

The outcome was disclosed in a Form 8-K filed the same day, which states the company obtained the required vote from holders of its common stock as of the September 25 record date. The filing itself gives no vote count; the 99.3% figure rests on Saylor's post. Under the timeline he set out, STRC moves first, with a first record date of November 1, 2026 and payment on November 2, while the 10% Strife (STRF), 8% Strike (STRK) and 10% Stride (STRD) series follow with record and payment dates of January 1 and January 4, 2027. Both schedules depend on the amended certificates being filed and becoming effective. From then on, every calendar day, weekends and holidays included, counts as a dividend record date.

Settlement adds a wrinkle. The Depository Trust Company does not recognize weekend or holiday record dates for the shares it clears and shifts them back to the most recent business day, while Nasdaq generally sets the ex-dividend date on the record date, or the prior business day when that date is not a trading day. The filing uses November 6, 7 and 8, a Friday through Sunday, as its example: all three record dates collapse onto Friday, November 6, that day becomes the ex-date for all three, and all three payments land on Monday, November 9. Because trades settle on a T+1 basis, a buyer on Friday, November 6 would receive none of those three payments, while a seller that day still collects all of them. Strategy cautioned that treatment may differ for shares cleared outside the DTC or on venues offering weekend trading, and advised investors to consult their brokers.

The economics behind the vote come back to STRC. The instrument is designed to hold a stable $100 price and pay a variable yield the company can reset at its discretion; its rate for the month ended June 30, 2026 stood at 11.50%, according to the company's quarterly report. That machinery lets Strategy raise preferred equity capital on a rolling basis and route it into bitcoin purchases. The company paused bitcoin buying for the prior week and held 848,517 BTC acquired for $64.02 billion at an average of $75,446 per coin, spent $204.9 million repurchasing STRC shares and kept a $4.83 billion cash reserve.

The vote locks in the funding machinery Strategy uses to service its preferred obligations and, ultimately, to buy bitcoin, while the common shares carry the model's downside; the stock is down close to 50% over the past year, so its market cap has absorbed much of that drawdown. COINOTAG data shows MSTR last trading at $140.18, down 0.73% over 24 hours, inside a daily downtrend with an RSI of 43.7 and a bearish MACD signal. Nearest support sits at $138.39, scored 99 out of 100, with $143.64 the closest resistance at 76/100; a decisive close above that band would be the first sign the downdraft is easing. For now, the level to defend is $138.39, scored 99 out of 100.