Strive has announced that its Series A perpetual preferred shares (SATA) will begin paying cash dividends daily starting June 16, marking a first in U.S. capital markets. The nominal annual dividend rate is set at 13%, but due to daily compounding over roughly 250 business days, the effective annual yield will rise to approximately 13.88%. This structure offers a 7.6 basis point advantage over traditional monthly payouts.
Strive's SATA to Offer Daily Dividends with 13.88% Effective Annual Yield
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