Bitcoin-Backed Preferred Stocks: STRC, STRK, STRF, STRD and SATA
Updated · dividends and prices from SmarterDividends' records
Key facts: bitcoin-backed preferred stocks
Data as of · Source: SmarterDividends data
- As of Oct 19, 2026, Strategy's STRC pays a dividend twice a month; its latest was $0.50 per share (ex-dividend Oct 15, 2026), about $12.00 a year, a 12.28% yield at its share price of $97.72.
- As of Oct 19, 2026, Strategy's STRK pays a dividend every quarter; its latest was $2.00 per share (ex-dividend Sep 15, 2026), about $8.00 a year, a 11.23% yield at its share price of $71.24.
- As of Oct 19, 2026, Strategy's STRF pays a dividend every quarter; its latest was $2.50 per share (ex-dividend Sep 15, 2026), about $10.00 a year, a 9.65% yield at its share price of $103.60.
- As of Oct 19, 2026, Strategy's STRD pays a dividend every quarter; its latest was $2.50 per share (ex-dividend Sep 15, 2026), about $10.00 a year, a 14.11% yield at its share price of $70.86.
- As of Oct 19, 2026, Strive's SATA pays a dividend every trading day; its latest was $0.052 per share (ex-dividend Oct 16, 2026), about $13.10 a year, a 13.53% yield at its share price of $96.89.
- Among these five preferred stocks, STRD has the highest yield at today's price, 14.11%, and STRF the lowest, 9.65%, as of Oct 19, 2026.
- STRC trades at $97.72 as of Oct 19, 2026, 2.3% below its $100 liquidation preference.
- STRK trades at $71.24 as of Oct 19, 2026, 28.8% below its $100 liquidation preference.
- STRF trades at $103.60 as of Oct 19, 2026, 3.6% above its $100 liquidation preference.
- STRD trades at $70.86 as of Oct 19, 2026, 29.1% below its $100 liquidation preference.
Cite this page
SmarterDividends, "Bitcoin-Backed Preferred Stocks: STRC, STRK, STRF, STRD and SATA Dividends," updated Oct 19, 2026, https://smarterdividends.com/bitcoin-preferred-stocks
Side by side
| Security | Pays | Latest dividend | Per year (annualized) | Price | Yield at price |
|---|---|---|---|---|---|
| STRCStrategy · Stretch | twice a month | $0.50ex Oct 15, 2026next ex Oct 30, 2026 | $12.00 | $97.72 | 12.28% |
| STRKStrategy · Strike | every quarter | $2.00ex Sep 15, 2026 | $8.00 | $71.24 | 11.23% |
| STRFStrategy · Strife | every quarter | $2.50ex Sep 15, 2026 | $10.00 | $103.60 | 9.65% |
| STRDStrategy · Stride | every quarter | $2.50ex Sep 15, 2026 | $10.00 | $70.86 | 14.11% |
| SATAStrive · SATA | every trading day | $0.052ex Oct 16, 2026next ex Oct 19, 2026 | $13.10 | $96.89 | 13.53% |
Annualized = latest dividend × payments a year at the pace shown. Variable-rate issues (STRC, SATA) can change their dividend.
Each security in plain terms
STRC: Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock
STRC carries a variable dividend rate that Strategy sets and adjusts, on a $100 liquidation preference, with the stated aim of keeping the price near $100. As of Oct 19, 2026, Strategy's STRC pays a dividend twice a month; its latest was $0.50 per share (ex-dividend Oct 15, 2026), about $12.00 a year, a 12.28% yield at its share price of $97.72. Its first dividend in SmarterDividends' records went ex-dividend on Aug 15, 2025; 19 payments are on record.
STRK: Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock
STRK carries an 8% fixed dividend on its $100 liquidation preference, cumulative, and convertible into Strategy (MSTR) common stock. As of Oct 19, 2026, Strategy's STRK pays a dividend every quarter; its latest was $2.00 per share (ex-dividend Sep 15, 2026), about $8.00 a year, a 11.23% yield at its share price of $71.24. Its first dividend in SmarterDividends' records went ex-dividend on Mar 14, 2025; 7 payments are on record.
STRF: Strategy Inc 10.00% Series A Perpetual Strife Preferred Stock
STRF carries a 10% fixed dividend on its $100 liquidation preference, cumulative (missed dividends must be paid later), not convertible. As of Oct 19, 2026, Strategy's STRF pays a dividend every quarter; its latest was $2.50 per share (ex-dividend Sep 15, 2026), about $10.00 a year, a 9.65% yield at its share price of $103.60. Its first dividend in SmarterDividends' records went ex-dividend on Jun 13, 2025; 6 payments are on record.
STRD: Strategy Inc 10.00% Series A Perpetual Stride Preferred Stock
STRD carries a 10% fixed dividend on its $100 liquidation preference, non-cumulative (a skipped dividend is not owed later), not convertible. As of Oct 19, 2026, Strategy's STRD pays a dividend every quarter; its latest was $2.50 per share (ex-dividend Sep 15, 2026), about $10.00 a year, a 14.11% yield at its share price of $70.86. Its first dividend in SmarterDividends' records went ex-dividend on Sep 15, 2025; 5 payments are on record.
SATA: Strive, Inc. variable-rate perpetual preferred stock
SATA carries a variable dividend paid very frequently. As of Oct 19, 2026, Strive's SATA pays a dividend every trading day; its latest was $0.052 per share (ex-dividend Oct 16, 2026), about $13.10 a year, a 13.53% yield at its share price of $96.89. Its first dividend in SmarterDividends' records went ex-dividend on Dec 1, 2025; 93 payments are on record.
How these preferred stocks work
Preferred stock pays a set or formula-based dividend and ranks ahead of common stock: the company must pay preferred dividends before it can pay common shareholders anything, and in a liquidation preferred holders are repaid first, up to a fixed amount per share (here, $100).
These are perpetual: there is no date when the company must buy them back. Their prices move with interest rates, with each company's credit, and, because Strategy and Strive hold bitcoin as their main asset, with how the market views bitcoin and each company's ability to keep funding the dividends.
The yield at today's price is the annual dividend divided by the price you would pay now. Buying below $100 raises your yield above the stated rate; buying above $100 lowers it.
Frequently asked questions
What is STRC's dividend?
As of Oct 19, 2026, Strategy's STRC pays a dividend twice a month; its latest was $0.50 per share (ex-dividend Oct 15, 2026), about $12.00 a year, a 12.28% yield at its share price of $97.72. STRC's rate is variable: Strategy sets it and can change it.
How often does STRC pay dividends?
STRC pays twice a month in SmarterDividends' recent records; it made 16 payments totaling $11.44 per share over the last 12 months.
What is the difference between STRK, STRF and STRD?
All three are Strategy perpetual preferred stocks with a $100 liquidation preference that pay quarterly. STRK pays 8% and can be converted into Strategy common stock. STRF pays 10% and is cumulative, so a missed dividend must be made up later. STRD also pays 10% but is non-cumulative: a skipped dividend is simply lost. That extra risk shows in the price: as of Oct 19, 2026, STRD trades at $70.86 against $103.60 for STRF, a 14.11% yield versus 9.65%.
What is STRK's dividend?
As of Oct 19, 2026, Strategy's STRK pays a dividend every quarter; its latest was $2.00 per share (ex-dividend Sep 15, 2026), about $8.00 a year, a 11.23% yield at its share price of $71.24.
What is STRF's dividend?
As of Oct 19, 2026, Strategy's STRF pays a dividend every quarter; its latest was $2.50 per share (ex-dividend Sep 15, 2026), about $10.00 a year, a 9.65% yield at its share price of $103.60.
What is STRD's dividend?
As of Oct 19, 2026, Strategy's STRD pays a dividend every quarter; its latest was $2.50 per share (ex-dividend Sep 15, 2026), about $10.00 a year, a 14.11% yield at its share price of $70.86.
What is SATA?
SATA is a variable-rate perpetual preferred stock issued by Strive, Inc. As of Oct 19, 2026, Strive's SATA pays a dividend every trading day; its latest was $0.052 per share (ex-dividend Oct 16, 2026), about $13.10 a year, a 13.53% yield at its share price of $96.89.
Are bitcoin preferred stock dividends safe?
They carry more risk than an ordinary preferred stock. Strategy and Strive hold bitcoin as their main asset, so their ability to keep paying depends largely on the value of those holdings and on raising new capital. The market prices that risk into the yield. Cumulative preferreds (STRF, STRK) owe any missed dividend later; non-cumulative ones (STRD) do not.
What does perpetual preferred stock mean?
It has no maturity date: the issuer never has to buy it back, though it may have the right to. Holders are paid dividends ahead of common shareholders, and in a liquidation they rank ahead of common stock up to the $100 liquidation preference per share.
When do I need to buy to get the next dividend?
Before the ex-dividend date. Buying by the close on the trading day before the ex-dividend date is enough under the U.S. T+1 settlement cycle. Each security's dividend history page shows its dates.
Related
Terms summarized from the issuers' offering documents; check the issuer's site for the current dividend rate. For information only, not investment advice.