Strategy shareholders voted on Oct. 28 to let the company pay daily dividends on its four perpetual preferred stocks, STRF, STRC, STRK and STRD, according to preliminary results the company disclosed in a Form 8-K the same day.

The filing says Strategy obtained the required vote from holders of its common stock as of the Sept. 25 record date to adopt amended certificates of designations for each of the four series. It does not give a vote count. Executive Chairman Michael Saylor wrote on X that “preliminary results show 99.3% of votes cast were in favor.” Strategy has not published a final tally.

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When the Change Takes Effect

The new schedule starts on Nov. 1, 2026 for STRC, the variable-rate Stretch preferred, and on Jan. 1, 2027 for the 10% Strife (STRF), 8% Strike (STRK) and 10% Stride (STRD) series. Both dates depend on the amended certificates being filed and becoming effective, the 8-K said. From then on, every calendar day, weekends and holidays included, will be a dividend record date.

Saylor said in a follow-up post that payment will come “on the next business day.” He put STRC’s first record date at Nov. 1 with payment on Nov. 2, and the first record and payment dates for the other three at Jan. 1 and Jan. 4.

Strategy put the proposal to shareholders in September, saying dividend rates and total payouts would stay the same.

How Weekend Dividends Settle

The Depository Trust Company (DTC) doesn’t recognize weekend or holiday record dates for the shares it clears. It shifts them back to the most recent business day. Nasdaq generally sets the ex-dividend date on the record date, or on the prior business day when the record date isn’t a trading day. Several days of dividends can therefore bunch onto one record date, one ex-date and one payment date.

The filing uses Nov. 6, 7 and 8, a Friday through Sunday, as its example. DTC would give all three a record date of Friday, Nov. 6, Nasdaq would use that day as the ex-date for all three, and all three would be paid on Monday, Nov. 9. Because trades settle on a T+1 basis, Strategy expects that someone who buys on Friday, Nov. 6 will receive none of those three payments, while someone who sells that day will still collect all three.

Treatment could differ for shares not cleared through DTC, for venues that offer weekend or holiday trading, or under an individual broker’s own policies. “Investors should consult their brokers,” the company said.

Related Listen: Why STRC Is Not a Bank Account, No Matter What Saylor Says