DeFi Development Corp. Increases CHAD Annual Dividend Rate to 14%
Key Highlights
- ➤CHAD dividend rate rises 100 basis points to 14%, effective November 2, 2026
- ➤Annual dividend increases to $1.40 per share from $1.30
- ➤Annual dividend income per share increases approximately 7.7%
- ➤CHAD’s $10.00 stated amount implies a 14.0% annualized cash dividend yield
Expert Statements
Joseph Onorati, Chief Executive Officer of DeFi Development Corp.
“CHAD’s proposition is compelling: double-digit dividend income, paid every business day, through a Nasdaq-listed preferred security issued by a company with a productive SOL treasury.”
Joseph Onorati, Chief Executive Officer of DeFi Development Corp.
“Increasing the rate to 14% strengthens that proposition as we broaden investor participation and scale CHAD. We see a significant opportunity to build CHAD into a leading digital credit instrument, expanding our capacity to accumulate SOL and drive accretive growth for common shareholders while maintaining disciplined capital management.”
Higher rate delivers approximately 7.7% more annual dividend income per share, strengthening CHAD’s daily income offering as the Company expands its productive SOL treasury
BOCA RATON, FL, Oct. 15, 2026 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the "Company" or "DeFi Dev Corp."), the first U.S. public company with a treasury strategy built to accumulate and compound Solana ("SOL"), today announced a CHAD dividend rate increase of 100 basis points from 13.00% to 14.00% on its Variable Rate Series C Perpetual Preferred Stock (“CHAD”), effective November 2, 2026.
Get started
Create a free account to read the full story.