Dividend Rate Increase Takes Effect

DeFi Development Corp. announced a rise in the dividend rate for CHAD, its Nasdaq-listed variable-rate perpetual preferred stock, from 13 percent to 14 percent on Nov. 2. The change lifts the annualized payment to $1.40 per share from $1.30, representing a roughly 7.7 percent boost in annual dividend income at the $10 stated-value level. Dividends, when declared, are distributed each business day.

This adjustment follows a series of treasury expansions focused on Solana. On Oct. 12, the company reported holdings of 2,586,282 SOL plus equivalents, an increase of approximately 22,070 SOL from the prior week. The strategy emphasizes staking, validator operations, and other Solana-based returns to support the preferred stock.

November Dividend Declaration Details

DeFi Development declared $184,469 in total November dividends for CHAD. The schedule includes payments of $0.00614 per share over 19 business days, with the first distribution set for Nov. 2. The full period covers Nov. 1 through Nov. 30.

The 14 percent rate, calculated against the $10 stated amount, applies to the period beginning Nov. 1, with Nov. 2 also noted as the effective date for the higher yield. Realized yields for investors will depend on the market price of CHAD shares at the time of declaration.

Treasury Growth and Future Plans

The company’s treasury strategy centers on Solana acquisitions. It plans to use proceeds from future CHAD issuances to further expand holdings and increase SOL per share. The $300 million at-the-market CHAD program continues to provide flexibility for additional capital raises.

Although treasury returns from staking and related activities contribute to the overall position, DeFi Development noted that such yields may not fully cover all dividend obligations. Payments remain subject to formal declaration and the availability of legally permissible funds each period.