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, and it can sit below par

STRC is designed to trade near its $100 stated amount, and for most of its first year it did, usually between $98 and $101. That is not a guarantee. STRC has not closed at $100 since April 2026, and Strategy said on July 31, 2026 that it does not intend to recommend a rate change from 12.00% until the stock demonstrates sustained trading at or near par. In other words, a rate increase is no longer the automatic response to a price dip. Instead, Strategy has been buying STRC back on the open market under a $1.0 billion repurchase program. Small daily movements of a few cents are routine; a persistent discount to par is a real risk to your principal if you need to sell.

Rate announcements

Strategy announces the dividend rate for the coming periods 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.