DeFi Development Corp. (Nasdaq: DFDV) announced in a Form 8-K filed on October 14, 2026, that the dividend rate on its Variable Rate Series C Perpetual Preferred Stock, trading under the symbol CHAD, has been increased from 13.00% to 14.00%.
The rate adjustment is effective for periods commencing on or after November 1, 2026. The company stated that the new rate represents an annual dividend of $1.40 per share based on the stock's $10.00 stated amount, compared to the previous rate of $1.30 per share. This change results in an approximate 7.7% increase in annual dividend income per share.
The board of directors declared daily cash dividends of $0.00614 per share for each business day throughout the month of November 2026. This declaration covers 19 business days in total, with a monthly aggregate value of $184,469. Dividends are payable to stockholders of record at the close of business on the day preceding the payment date.
The company noted that the dividend increase reflects active management of the variable-rate structure, taking into account market conditions and investor demand. The filing also included a detailed breakdown of the specific record dates, payment dates, and dividend amounts for each business day in November.
From a tax perspective, the company explained that distributions on CHAD Stock will be treated as a tax-free return of capital to the extent of a U.S. holder's adjusted tax basis, and thereafter as capital gain. The company stated it does not have any accumulated earnings and profits and does not expect to generate current earnings and profits in the current year or the foreseeable future.
