If you’ve been eyeing Strategy’s preferred stock as a way to earn yield on what is essentially a Bitcoin proxy, today is your last real chance to get in before the first semi-monthly dividend drops. The company formerly known as MicroStrategy has officially shifted its STRC preferred shares to a twice-monthly payout schedule, with the inaugural payment set for July 15, 2026.
Stockholders approved the change on June 8, and the record date for that first payment is June 30. If you want to collect the first check under the new structure, you need to own the shares before that cutoff.
What STRC actually pays
STRC, formally called the Variable Rate Series A Perpetual Stretch Preferred Stock, carries an annualized dividend rate that currently floats between 11.5% and 12%.
The first semi-monthly payment is expected to land at roughly $0.48 per share, based on the 11.5% rate. Subsequent payments are projected to tick up to about $0.50 per share as the rate adjusts toward 12%.
