Strategy Inc. has converted STRC preferred dividends to daily record dates and next-business-day payments, effective November 1, 2026. Company filings describe the move as a frequency change only. The stated 12% annualized rate is unchanged, and November 2026 aggregate dividends are indicated at about $1.00 per share.

Shareholders approved the daily dividends amendment at a special meeting on October 28, 2026, with 99.3% support. Strategy Inc.'s Form 8-K that day, together with the company press release "Strategy Announces Approval of the Daily Dividends Amendment," states that an amended certificate of designations was filed and became effective. For STRC, each calendar day is a record date. Cash is payable on the following business day. Other preferred series covered by the amendment are scheduled to move to daily dividends on January 1, 2027.

The previously scheduled semi-monthly $0.50 dividend payable around November 15 was cancelled on the transition. A November prospectus supplement and related 8-K report that the first daily payment occurred on November 3, 2026. Daily November amounts are described as roughly $0.03 to $0.04 per share.

The operational facts confirmed in those primary documents are:

  • Daily STRC record dates every calendar day from November 1, 2026
  • Payment on the next business day after each record date
  • 12% annualized rate retained for November
  • About $1.00 per share total for November
  • Cancellation of the November 15 semi-monthly $0.50 dividend
  • First daily payment on November 3, 2026

TipRanks summarized the same implementation in "Strategy Inc. Implements New Daily Preferred Dividend Framework," consistent with the SEC filings rather than adding a rate change.

What remains outside this package is any later coupon decision. Nothing in the October 28 materials or the November payment disclosure confirms a reset of the stated rate for December 2026 or beyond. Strategy has previously retained monthly discretion over preferred rates. That is a separate question from the frequency amendment.

For sophisticated Canadian holders, the documented change is cash-flow timing. The same November economics are split across many small U.S.-dollar credits instead of a semi-monthly payment. More payment dates can mean more foreign-exchange conversions and, in non-registered accounts, more frequent U.S. withholding events if tax is withheld at source. Dividends from a U.S. issuer are generally foreign-source income for Canadian tax purposes. Character, treaty withholding, foreign tax credits, and reporting inside registered plans depend on the holder's circumstances and on issuer characterization. The cited documents do not alter Canadian tax law. This article is not tax, legal, or investment advice.

Weekend and U.S. holiday calendars will cause some daily accruals to settle on the next business day, so the cash calendar will not be perfectly even. Investors reconciling expected November cash against the old mid-month $0.50 date should use the company's about $1.00 November total at 12% as the filing-based benchmark.

Primary sources are the October 28, 2026 Strategy Inc. Form 8-K on EDGAR, the October 28 company announcement, and the November prospectus supplement/8-K that records the first daily payment.