Strategy preferred dividends: STRF, STRK and STRD

How often do STRF, STRK and STRD pay dividends?

Quarterly for now. So far the record date has been the 15th of March, June, September and December, with payment at the end of that month. Starting January 1, 2027, every calendar day will be a record date, paid the next business day. Strategy says this does not change the rates or the total paid (8-K, Oct 28, 2026).

What are the STRF, STRK and STRD dividend rates?

STRF pays 10.00% a year, STRK 8.00% and STRD 10.00%, each on a $100 stated amount. That is $2.50, $2.00 and $2.50 per share each quarter.

Which Strategy preferreds are cumulative?

STRF and STRK are cumulative: a dividend that is not paid is still owed. STRD is non-cumulative: it is paid only when the board declares it, and a skipped dividend is not owed later (10-Q).

When is the ex-dividend date?

With T+1 settlement the ex-dividend date is the record date, or the trading day before when the record date falls on a weekend or holiday (Strategy 8-K, Oct 28, 2026). For example, the Mar 15, 2026 record date was a Sunday, so the ex-date was Friday, Mar 13.

Are Strategy preferred dividends taxable?

Strategy says it expects dividends on its preferred stock to be a non-taxable return of capital, up to each holder's tax basis (8-K, Aug 31, 2026). It has said it has no accumulated earnings and profits (8-K, Oct 30, 2025). This is the company's expectation, not tax advice.

In what order are Strategy's preferreds paid?

Debt comes first ($6.72 billion at book value on Sep 30, 2026). Then preferred in this order: STRF, STRC, STRE, STRK, STRD, and then the common stock (10-Q). All of Strategy's preferred stock together had $14.11 billion of liquidation value on Sep 30, 2026 (earnings release).