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Strive's SATA Becomes First Daily-Dividend Listed Security in U.S., Yielding 13.88% Annualized

2026-05-14 12:16:33

IN-0.82%

According to CoinDesk, Strive announced that its Series A Preferred Stock (SATA) will begin paying daily cash dividends starting June 16, marking the first daily-dividend-paying listed security in U.S. market history. While the nominal annualized dividend rate remains 13%, the high-frequency compounding effect of approximately 250 working days per year raises the effective annualized yield to 13.88%, an increase of 7.6 basis points compared to a monthly dividend structure.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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