Why Michael Saylor's Strategy decided to make STRC's dividend bi-monthly
CoinDesk
Strategy plans to shift its STRC preferred share dividends to a semi-monthly schedule to reduce price volatility and enable more consistent bitcoin acquisitions.Summary
Strategy (MSTR) has proposed changing the dividend payment schedule for its Stretch (STRC) perpetual preferred equity from monthly to semi-monthly. The company aims to mitigate the typical price drop observed around ex-dividend dates, which often pushes the stock below its $100 par value and restricts capital raising via its at-the-market program. By smoothing price action and aligning payments with the U.S. payroll cycle, Strategy hopes to achieve more consistent bitcoin purchasing power and lower overall volatility for the asset.
(Source：CoinDesk)