dividend
confidence high
sentiment neutral
materiality 0.35
Strive holds SATA dividend at 13.00%, sets $100 minimum future SATA sale price
Strive, Inc.
- Board maintained the annual dividend rate on SATA preferred at 13.00%, effective for periods commencing on or after November 1, 2026, unchanged from the prior rate.
- Declared daily cash dividends of $0.0571 per SATA share for each of 19 business days from Nov 1-30, 2026 ($1.0849 aggregate for the full monthly period).
- Certificate of amendment sets a binding $100.00 minimum sale price per share for all future SATA sales, formalizing Strive's previously announced policy.
- 'Business Day' definition amended to no longer exclude Saturday or Sunday, allowing daily weekend dividends if the NY Fed, Nasdaq and DTC permit; near-term dividend cadence unchanged.
- Strive expects SATA distributions to be tax-deferred return of capital, exempt from U.S. dividend withholding for non-U.S. holders; no accumulated earnings and profits.