Solana treasury firm DeFi Development raises CHAD preferred stock dividend rate to 14%

The increase will deliver 7.7% more annual dividend income per share as the company expands its Solana treasury holdings. DeFi Development Corp., a publicly traded company focused on accumulating Solana (SOL), announced Thursday that it is increasing the annual dividend rate on its CHAD preferred stock from 13% to 14%. The 100 basis point increase will take effect on November 2, raising annual dividend payments from $1.30 to $1.40 per share based on CHAD’s $10 stated value. This represents a 7.7% increase in annual dividend income per share. CHAD, which trades on Nasdaq, is designed to provide investors with recurring income through cumulative dividends payable each business day, subject to approval by the company’s board of directors.

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