DeFi Development raises CHAD dividend to 14% and expands Solana holdings
Dividend hike and Solana expansion plan
DeFi Development Corp. (DFDV) raised the annual dividend on its CHAD preferred stock to 14%, increasing the payment to $1.40 per share. The higher rate takes effect on Nov. 2, 2026, and will be paid each business day when declared by the board.
Key points
- Dividend rate increased from 13% to 14%, raising annual payout to $1.40 per $10‑valued share.
- Effective date is Nov. 2, 2026.
- Future CHAD issuances will fund expansion of the company’s Solana treasury.
- Solana holdings grew by about 22,070 SOL last week, totaling roughly 2.59 million SOL.
- CHAD trading reached record highs in the same week; the company authorized a program to repurchase all outstanding shares.
What the company says
CEO Joseph Onorati called the 14% rate “strengthening that proposition as we broaden investor participation and scale CHAD.” He described CHAD as offering “double‑digit dividend income, paid every business day, through a Nasdaq‑listed preferred security issued by a company with a productive SOL treasury” and said the company sees “a significant opportunity to build CHAD into a leading digital credit instrument, expanding our capacity to accumulate SOL and drive accretive growth for common shareholders while maintaining disciplined capital management.”
Confirmed details
- Dividend increase from 13% to 14% effective Nov. 2, 2026.
- Annual dividend payment rises to $1.40 per share.
- Company added about 22,070 SOL last week, bringing total holdings to about 2.59 million SOL.
- CHAD reached record trading highs in the same week.
- Authorization to repurchase all outstanding CHAD shares.
Why this matters
The move shows DeFi Development’s focus on growing its Solana treasury, using CHAD as a vehicle to attract investors seeking regular dividend income while accumulating SOL. This strategy may increase the company’s stake in Solana and provide more returns for shareholders.
Next steps
The new 14% dividend will start on Nov. 2, 2026. Proceeds from any future CHAD issuances will be directed toward expanding the Solana treasury. The company’s existing share‑repurchase program remains active.
Sources
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