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.

Source: Crypto Briefing