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Strive Perpetual Preferred Stock SATA will distribute cash dividends daily starting June 16, setting a precedent in U.S. stock history
ME News, May 14 (UTC+8): Bitcoin treasury company Strive announced that its perpetual preferred stock SATA will pay cash dividends every trading day starting June 16, becoming the first listed security in U.S. capital markets to achieve daily dividend payments. Strive CEO Matthew Cole called this move “a zero-to-one innovation.” SATA’s annualized dividend yield is 13%; after converting to daily dividend payments, the effective annualized yield increases to approximately 13.88%. Currently, Strive has cleared all debts, holds 15,009 bitcoins, and ranks ninth among globally listed companies’ bitcoin reserves. (Source: ChainCatcher)