DeFi Development Corp. raises CHAD preferred stock dividend to 14%

DeFi Development Corp. just made its preferred stock a little more generous. The Nasdaq-listed Solana treasury company is raising the annual dividend rate on its CHAD preferred shares from 13.00% to 14.00%. What changed for CHAD holders DeFi Development Corp. (Nasdaq: DFDV) announced the increase on October 15, 2026. The new rate applies to its Variable Rate Series C Perpetual Preferred Stock, which trades under the ticker CHAD. The higher payout kicks in starting November 2, 2026. Based on the $10.00 stated amount per share, annual dividend income rises to $1.40 per share from $1.30. The math looks even better for early buyers. CHAD’s initial offering priced at $8.00 per share on September 3, 2026, raising approximately $11 million in gross proceeds. Anyone who bought at that price and still holds is now collecting $1.40 a year on an $8.00 outlay, or 17.5% on cost. The dividends are cumulative, which means any skipped payments pile up and remain owed to shareholders. Payments are made daily when declared by the board. The board has also authorized a repurchase program for CHAD shares, with a focus on achieving a $10 par value. How CHAD fits the Solana treasury playbook CHAD is a p...