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DeFi Development Corp. raises CHAD preferred stock dividend rate to 14%

DeFi Development Corp. is boosting the annual dividend rate on its CHAD preferred stock from 13% to 14% starting Nov. 2, aiming to fund further acquisitions for its Solana treasury.

DeFi Development Corp. logo featuring an orange arch symbol above the company name on a dark background.
Image: @TheBlockCo

DeFi Development Corp. is lifting the annual dividend rate on its CHAD preferred stock from 13% to 14%, effective Nov. 2. The adjustment increases annual dividends to $1.40 per share from $1.30, based on the stock's $10 stated value. Distributions on the shares are paid each business day when declared by the company's board.[1][2][5]

The company stated that proceeds from future CHAD issuances will be directed toward expanding its Solana treasury holdings, which currently hold 2.59 million SOL according to CoinMarketCap. Crypto Briefing reported that while the higher yield may draw additional investors and expand capital for token acquisitions, it also increases the firm's exposure to market volatility.[1][2][3][4][5]

Key facts

  • DeFi Development Corp. is increasing the annual dividend rate on its CHAD preferred stock from 13% to 14%, effective Nov. 2.
  • The dividend increase raises annual payouts to $1.40 per share from $1.30, based on CHAD's $10 stated value.
  • CHAD preferred stock dividends are paid each business day when declared by the board of directors.
  • DeFi Development Corp. plans to fund further expansions of its Solana treasury through future CHAD issuances.
  • DeFi Development Corp.'s treasury holds 2.59 million SOL, according to CoinMarketCap.
  • Crypto Briefing reported that the increased rate could attract more investors to fund Solana purchases while heightening market volatility risk.

Sources 路 4 sources

  1. TB

    The Block@TheBlockCoPost on X 路

    THE BLOCK: DeFi Development Corp. is increasing the annual dividend rate on its CHAD preferred stock from 13% to 14%, effective Nov. 2. The increase raises annual dividends to $1.40 per share from $1.30, based on CHAD's $10 stated value, with payments made each business day when declared by the company's board. $DFDV said it plans to use proceeds from future CHAD issuances to expand its solana:So11111111111111111111111111111111111111112 treasury.

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  2. CO

    CoinMarketCap@CoinMarketCapPost on X 路

    LATEST: 馃挵 DeFi Development Corp. is raising the annual dividend on its CHAD preferred stock to 14% from 13% effective Nov. 2, with future issuance proceeds earmarked to grow its 2.59M SOL treasury. https://t.co/VLY8eV3n01

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  3. CB

    Crypto BriefingArticle 路

    Solana treasury firm DeFi Development raises CHAD preferred stock dividend rate to 14% The increased dividend rate may attract more investors, enhancing capital for Solana acquisitions but also heightening exposure to market volatility. The post Solana treasury firm DeFi Development raises CHAD preferred stock dividend rate to 14% appeared first on Crypto Briefing .

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  4. CB

    Crypto BriefingArticle 路

    DeFi Development Corp. raises CHAD preferred stock dividend to 14% The increased dividend may attract more investors, potentially boosting DeFi Development Corp.'s capital for expanding its Solana treasury. The post DeFi Development Corp. raises CHAD preferred stock dividend to 14% appeared first on Crypto Briefing .

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  5. TB

    The BlockArticle 路

    DeFi Development boosts CHAD dividend to 14% amid push to grow Solana holdings DeFi Development is raising the dividend rate on its CHAD preferred stock to 14% from 13% as it taps CHAD sales to grow its Solana treasury.

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