What to Expect After You Buy

You bought STRC. Now what? Here is what to expect as a new shareholder.

Your shares arrive quickly

After placing a market order, your shares will appear in your brokerage account within minutes. For limit orders, shares appear once the order fills, which is usually the same trading day if your limit price is near the current market price.

Dividends are automatic

STRC pays dividends on the last business day of each month. The cash is deposited directly into your brokerage account. You do not need to do anything. There are no forms to fill out and no buttons to click.

To receive a given month's dividend, you need to own the shares before the ex-dividend date, which is typically around the 13th-15th of that month. The record date (who officially gets paid) is usually one business day later. If you buy after the ex-dividend date, your first payment will come the following month.

The price will move slightly

You will see the share price fluctuate, usually between $98 and $101. This is normal. STRC is designed to trade near its $100 par value through the variable dividend mechanism. If the price dips below $100, Strategy typically raises the rate to push it back up. Small daily movements of a few cents are routine and not a cause for concern.

Rate announcements

Strategy announces the dividend rate for the following month around the last business day of each month. You can check the current rate and upcoming payment dates at strcincome.com/dividend.

Selling is straightforward

You can sell your shares at any time during Nasdaq market hours (9:30 AM to 4:00 PM ET, Monday through Friday). Place a sell order through your brokerage just like you would for any stock. Proceeds typically settle in your account the next business day (T+1 settlement).

Consider DRIP

If you want your dividends to automatically purchase additional STRC shares instead of sitting as cash, you can enable a dividend reinvestment plan (DRIP) through your brokerage. This compounds your position over time without requiring you to manually place buy orders each month. Most major brokerages offer DRIP at no additional cost.