DeFi Development Corp. Raises CHAD Preferred Dividend Rate to 14% from 13%

summarizeSummary

DeFi Development Corp. raised the CHAD preferred dividend rate to 14% from 13%, effective November 1, 2026, and declared daily dividends of $0.00614 per share for November — a higher payout meant to support sales under its existing CHAD at-the-market program.

check_boxKey Events · Financing and Capital Events · DFDV

• CHAD Dividend Rate Raised to 14%

  The annual rate on the Variable Rate Series C Perpetual Preferred (CHAD) rises 100 basis points from 13.00% to 14.00%, effective November 1, 2026.

• Annual Payout Up 7.7% Per Share

  At the $10.00 stated amount, the new rate equals $1.40 per share annually versus $1.30 before — roughly 7.7% more dividend income per share.

• November Daily Dividends Declared

  The board's dividend committee declared $0.00614 per share for each of 19 business days from November 1 to November 30, 2026, totaling $184,469 for the month.

• Higher Cost Tied to CHAD ATM

  The increase supports the existing $300 million CHAD at-the-market program, whose proceeds the company intends to use to expand its SOL treasury; a higher rate raises the company's cost of capital.

auto_awesomeAnalysis · DFDV · Crypto Assets

The payout on the CHAD perpetual preferred is moving from 13% to 14%, lifting annual dividends to $1.40 per $10.00 stated amount — about 7.7% more income per share. That makes CHAD easier to sell through the existing $300 million at-the-market program, with proceeds earmarked to buy more SOL. The trade-off is real: a higher rate raises the company's cost of capital and the cash it must pay out every business day. The filing itself notes the company has no accumulated earnings and profits and does not expect current E&P this year, so distributions will likely be treated as a return of capital rather than dividend income for tax purposes. The rate is variable and dividends are payable only when declared, so the 14% is not guaranteed.