Strategy urges shareholder vote to move STRC dividends to twice monthly

Strategy (MSTR) is urging shareholders to vote on a proposal to change the dividend payments for its preferred stock, STRC, from the current once-a-month schedule to twice a month. The company stated that the purpose of introducing semi-monthly dividends is to enhance price stability, increase liquidity, and improve market efficiency. Strategy plans to maintain the targeted 11.5% annual dividend rate even with the proposed change. STRC is a product that pays holders a variable monthly dividend targeting a 11.5% annual yield. The dividend rate decreases if the stock trades above its $100 par value and increases if it falls below. The stock has recently served as a source of funds for Strategy's BTC purchases.