Bitcoin treasury company Strategy (MSTR) has proposed shifting the dividend payment schedule on its perpetual preferred equity, Stretch (STRC), from monthly to semi-monthly. The move would keep the 11.5% annualized dividend rate and total annual obligations unchanged at $1.2 billion. Holders would receive payouts roughly every two weeks instead of once a month, with the first semi-weekly payment expected on July 15 following a shareholder vote. This move aims to reduce volatility in STRC, which currently sees an average $0.45 price drawdown after the ex-dividend date, with recovery to its $100 par value taking around two weeks. If approved, STRC would become the only semi-monthsly dividend-paying preferred in the market.