Exchanges· ★★★· neutral·

Strategy declares $0.50 STRC dividend, eyes shift to daily payouts

  • —STRC dividend set at $0.50 per share, payable Oct. 31
  • —Second $0.50 payout tentatively scheduled for Nov. 15
  • —Daily dividend amendment would replace semimonthly payments in November
  • —Change requires shareholder and board approval
Why it matters: A shift to daily payouts could keep STRC trading near $100 and make the instrument more attractive to institutional holders.
Source: PANews