DeFi Development Corp. announces cash dividends for Series C preferred stock

DeFi Development Corp., a company with a market capitalization of $143.83 million, has declared cash dividends for its Series C preferred stock. The company's common stock price has dropped 75% over the past year, closing at $4.48 per share. The dividend schedule consists of two periods: a period from September 8, 2026, through October 1, 2026, and a period from October 1, 2026, through October 30, 2026.

The latter period features daily cash dividends of $0.00516 per share over 21 business days, totaling a per annum dividend rate of 13.00%. The first dividend payment will be made on October 1, 2026, with a record date of September 30, 2026. Subsequent daily dividends will be issued from October 2, 2026, to November 2, 2026. According to the company's SEC filing, these distributions will be treated as a tax-free return of capital to U.S. holders, up to the stockholder's tax basis in the CHAD Stock.

Any excess will be considered a capital gain. DeFi Development Corp. is a Nevada-based company listed on The Nasdaq Stock Market LLC.