DeFi Development raises annual dividend rate on CHAD preferred stock to 14%, plans to use proceeds from future issuance to expand SOL treasury.

October 15 — Solana treasury company DeFi Development Corp. (DFDV) has raised the annual dividend rate on its CHAD preferred stock from 13% to 14%, effective November 2. Based on the CHAD stated value of $10 per share, the annual dividend will increase from $1.30 per share to $1.40 per share. Dividends are subject to declaration by the company's board of directors and are payable on business days. The company said it plans to use proceeds from future CHAD issuances to expand its SOL treasury.