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Strategy shareholders approve semi-monthly dividends for STRC
The Block·
Strategy shareholders have voted to approve a shift in dividend payments for its STRC preferred stock from monthly to semi-monthly. This change is intended to stabilize the stock's price, reduce cyclicality, enhance liquidity, and increase demand. The company's CEO highlighted that the bi-weekly payments will also offer STRC holders a more frequent opportunity for reinvestment. STRC, a key component of Strategy's bitcoin acquisition strategy, is designed to maintain a value near its $100 par and pay a variable cash dividend.
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fintech
dividends
Original Source
The Block — theblock.co