DeFi Development Corp. raises CHAD preferred stock dividend to 14%
- —CHAD dividend rate raised from 13% to 14% annually, effective November 2, 2026
- —Payout rises to $1.40 per share on a $10 stated amount, up from $1.30
- —Early buyers at the $8 offering price now earn 17.5% on cost
- —Company plans up to $300 million in additional CHAD issuance to buy SOL
Why it matters: The higher payout makes CHAD more attractive to income investors, while proceeds are earmarked to grow the company's SOL treasury.
Source: Crypto Briefing