Different income. Different rights.
Compare the price with payment rights and issuer funding. A higher yield is not a safety ranking.
Prices and indicated yields
Mixed price dates: October 30, 2026, November 2, 2026 closes. Each row has its own price date. Investment assessments and historical returns retain their separately stated dates; charts update separately.
Indicated yield is the dated annual ordinary distribution divided by closing price. Variable rates are held constant for illustration, not promised. STRK cash settlement is not guaranteed. Do not rank mixed-date yields as one market snapshot.
| Security | Close | Indicated yield | Date and status | Sources |
|---|---|---|---|---|
| STRF | $101.85 | 9.82% | November 2, 2026 Nasdaq-reported close · Refreshed | Price evidence · Price evidence · Rate evidence |
| STRC | $99.28 | 12.09% | November 2, 2026 Nasdaq-reported close · Refreshed | Price evidence · Price evidence · Rate evidence |
| STRK | $67.85 | 11.79% | October 30, 2026 Nasdaq-reported close · Held — review failed | Price evidence · Price evidence |
| STRD | $69.65 | 14.36% | November 2, 2026 Nasdaq-reported close · Refreshed | Price evidence · Price evidence · Rate evidence |
| SATA | $95.20 | 13.66% | November 2, 2026 Nasdaq-reported close · Refreshed | Price evidence · Price evidence · Rate evidence |
| SATS | $92.08 | 16.29% | November 2, 2026 Nasdaq-reported close · Refreshed | Price evidence · Price evidence · Rate evidence |
| BMNP | $97.00 | 9.79% | October 30, 2026 Nasdaq-reported close · Held — review failed | Price evidence · Price evidence |
The differences that matter
| Security | Ordinary rate & schedule | Payment and arrears | Main trade-off |
|---|---|---|---|
| STRF | 10% fixed on $100. Quarterly; filed daily change effective January 1, 2027. | Cumulative. Cash, when declared and legally available. | Dividends depend on issuer funding; priority does not protect the market price or guarantee recovery. |
| STRC | 12% variable on $100. Semi-monthly through October 31; filed daily change effective November 1. | Cumulative. Cash, subject to declaration and legal-funds conditions; variable annual rate. | The $101 issuer call and $100 policy target are not guaranteed trading floors or holder exit rights. |
| STRK | 8% fixed on $100. Quarterly; filed daily change effective January 1, 2027. | Cumulative. Strategy chooses cash, MSTR shares or a mix for declared dividends. Cash needs legally available funds; stock settlement has notice, valuation and share limits. | Conversion replaces preferred rights with common-stock exposure; cash dividends and conversion gains are not guaranteed. |
| STRD | 10% fixed on $100. Quarterly; filed daily change effective January 1, 2027. | Noncumulative. Cash only when declared and legally available. | Undeclared dividends do not carry forward; lowest named Strategy preferred liquidation tier. |
| SATA | 13% variable on $100. Business-day installments. | Cumulative. Cash installments on business days, subject to declaration and legally available funds. October rate 13%; November maintained at 13%; later rates may change. | A variable rate and conditional payments; the $100 issuer-sale restriction is not a market-price floor. |
| SATS | 15% fixed on $100. First declared payment November 9; subsequent business-day installments. | Cumulative, no compounding. Cash, subject to declaration and legally available funds. First declared $0.8710 payment is November 9, record date November 6. No payment was due by the October 30 price cutoff. | Junior to SATA; unpaid dividends do not compound. New issue with limited trading history. |
| BMNP | 9.5% fixed on $100. Weekly, with business-day adjustments. | Cumulative. Cash, subject to declaration and legally available funds; weekly Friday/next-business-day schedule. Actual installment amounts vary with period calculation. | Post-launch operating dividend coverage is unestablished; staking estimates are not distributable cash. |
Where the claims rank
Strategy liquidation priority: creditors → STRF → STRC → STRE → STRK → STRD → common. STRE is Strategy’s euro-denominated preferred, included in the stack but not a covered security here. Dividend-stopper rights differ and are not fully described by this liquidation ordering.
Strive stock dividend and liquidation priority: SATA → SATS → common, with creditors ahead of equity. Subsidiary creditors have claims on subsidiary assets ahead of the parent’s ownership interest. Neither stack is a recovery estimate or a ranking across issuers.
q2: Primary filing · ST_S2: S-4 to S-7 offering/ranking; S-19 to S-31 Description of SATS; Use of Proceeds · ST_S3: SATS certificate Sections4,5,7,8,9; Definitions
Filed daily-dividend changes: effective dates matter
Strategy filed the amended certificates on October 29. STRC’s daily schedule becomes effective November 1 at 12:01 a.m. Eastern; STRF, STRK and STRD changes become effective January 1, 2027. As of this October 31 review, the existing schedules still apply. Weekend and holiday entitlements may be grouped; daily accrual does not promise a separate cash receipt every calendar day.
The November daily STRC dividend schedule replaces the alternative November 15 semi-monthly dividend when the effective-date condition is met. Those alternatives must not be added together.
oct29_amendments: October29 Form8-K Items3.03 and8.01; filed amended certificates and effective dates · oct16: Primary filing
Price evidence and retained discrepancies
Nasdaq-reported dated Close/Last or explicit Closed-at values, corroborated by dated Stock Analysis closes. Not certified official auction closes.
STRF
Selected dated close $101.85 for November 2, 2026. Refreshed.
STRC
Selected dated close $99.28 for November 2, 2026. Refreshed.
STRK
Selected dated close $67.85 for October 30, 2026. Held — review failed.
Latest requested refresh held; prior verified snapshot retained.
STRD
Selected dated close $69.65 for November 2, 2026. Refreshed.
SATA
Selected dated close $95.20 for November 2, 2026. Refreshed.
SATS
Selected dated close $92.08 for November 2, 2026. Refreshed.
BMNP
Selected dated close $97.00 for October 30, 2026. Held — review failed.
Retained observation: $97.06 · Field: secondaryData Closed at · Price session: 2026-10-30 · Observed at: 2026-10-31T00:05:59.768294+00:00 · Source · Earlier dated Nasdaq info snapshot $97.06 retained. Later byte-stable historical Close/Last $97.00 selected under reviewed precedence, corroborated independently; not an asserted official correction.
Repeated later historical Close/Last and matching dated corroboration take precedence under the reviewed method. Earlier discrepancy retained; this is not a provider correction notice.
Latest requested refresh held; prior verified snapshot retained.
July 31–October 27 return comparison
Purchase at July 31 close, held through October 27 close. No reinvestment, fees or taxes. Eligible dividends have ex-dates after July 31 and on/before October 27. The final column values unpaid declared receivables at their stated amounts: it is not all cash received or a realized sale gain.
| Security | Price return | Including dividends scheduled by endpoint | Unpaid declared receivable/share | Including all eligible declared dividends |
|---|---|---|---|---|
| STRF | 6.69% | 9.33% | $0.0000 | 9.33% |
| STRC | 11.21% | 13.45% | $0.5000 | 14.01% |
| STRK | 17.78% | 21.14% | $0.0000 | 21.14% |
| STRD | 20.69% | 25.01% | $0.0000 | 25.01% |
| SATA | 1.65% | 4.79% | $0.0516 | 4.85% |
| BMNP | 8.94% | 11.20% | $0.3430 | 11.58% |
SATS was not listed at the common starting date and is excluded. Its $90 offer price is not used as a trading close. Scheduled payment dates elapsed do not prove individual brokerage receipt.
Exact inputs and calculation method
Price return = (end price − start price) ÷ start price. Dividend-inclusive return adds eligible declared dollars per share to the numerator. Scheduled-by-endpoint results exclude payments due after October 27. This is a holding-period comparison, not annualized performance.
| Security | July 31 close | October 27 close | Eligible declared/share | Scheduled by endpoint/share |
|---|---|---|---|---|
| STRF | $94.76 | $101.10 | $2.50 | $2.50 |
| STRC | $89.46 | $99.49 | $2.50 | $2.00 |
| STRK | $59.56 | $70.15 | $2.00 | $2.00 |
| STRD | $57.89 | $69.87 | $2.50 | $2.50 |
| SATA | $96.90 | $98.50 | $3.0960 | $3.0444 |
| BMNP | $89.00 | $96.96 | $2.3483 | $2.0053 |
Starting prices use preserved Nasdaq July 31 rows corroborated in the prior review; they are not a new October retrieval of those rows. Ending prices use the October 27 published snapshot. Declared amounts and dates come from the linked issuer calendars; not rounded vendor annual distributions. STRC’s October 31 nominal date adjusts to November 2 under the issuer business-day convention. No preferred share rescaling was identified in the bounded issuer/action review; this is not exhaustive exchange certification.
aug_div: Primary filing · oct_div: Primary filing · ST_S9: Item8.01 August dividend table · ST_S10: Item8.01 September dividend table · ST_S11: Item8.01 October dividend table; filedSeptember15 · B05: Declared dividend table rows12–28
SATS is deliberately excluded from provider comparisons until its new-issuer history can be isolated from EchoStar’s former ticker history.
Compare price movement
Price movement only—not total return including dividends. Compare any two of the six established securities over the same visible period.
TradingView supplies the chart and delayed market data. Hover or tap the chart to inspect values. This embedded chart does not calculate our dated dividend-inclusive calculations (without reinvestment) or investor-specific fees and taxes. Available history varies by listing date.
Advanced: overlay all six securities
The labels at the right identify each line. For a clearer comparison, use the two-security chart above.
Six-security price overlay
Performance methodology and limitations
The embedded provider charts show market prices separately from our dated distribution-inclusive calculations above. Dividend payments, reinvestment assumptions, fees and taxes can materially change investor returns. Do not read a price comparison as dividend-reinvested total return. Different listing dates also limit common history.
For governing terms and source dates, open each security’s research page. We do not extract or redistribute the chart provider’s data.