Strive Raises SATA Preferred Stock Dividend Rate to 12.75%, Declares $1.0625 Monthly Payment
Strive, Inc. increased the annual dividend rate on its Variable Rate Series A Perpetual Preferred Stock from 12.50% to 12.75%, resulting in a monthly dividend of $1.0625 per share. The increase takes effect for monthly periods beginning March 16, 2026.
Strive, Inc. (Nasdaq: ASST; SATA), a company focused on digital credit products, raised the dividend rate on its Variable Rate Series A Perpetual Preferred Stock to 12.75% per annum from 12.50%, the company announced March 11, 2026. The increase represents a 25 basis point rise in the monthly dividend. Read more dividend announcements.
The board of directors declared a cash dividend of $1.0625 per share of SATA Stock, payable to stockholders of record as of the close of business on April 1, 2026. Payment will be made on April 15, 2026.
| Dividend Details | SATA Stock |
|---|---|
| Amount per Share | $1.0625 |
| Annual Rate | 12.75% |
| Frequency | Monthly |
| Record Date | April 1, 2026 |
| Payment Date | April 15, 2026 |
The company narrowed its intended long-term trading price range for SATA Stock to $99 to $101 per share from the previous $95 to $105 range. Strive also stated it does not intend to issue SATA Stock through at-the-market programs or follow-on offerings below $100 per share.
Balance Sheet and Capital Stock Update
As of March 9, 2026, Strive held $143.4 million in cash and cash equivalents and 13,311 bitcoin. The company subsequently deployed $50 million to purchase shares of Strategy Variable Rate Series A Perpetual Stretch Preferred Stock (Nasdaq: STRC).
Strive had 56,897,668 shares of Class A common stock, 9,880,117 shares of Class B common stock, and 4,275,118 shares of SATA Stock outstanding as of March 9, 2026.
The company maintains an interest reserve totaling over 18 months of SATA Stock dividends, consisting of 12 months held in cash and cash equivalents and 6 months held in STRC based on current trading prices. Strive stated its aggregate bitcoin, STRC, and cash reserves cover over 19 years of SATA interest payments as of March 9, 2026.
Tax Treatment
Strive indicated that distributions on SATA Stock are expected to be treated as tax-deferred return of capital for U.S. federal income tax purposes, as the company does not have accumulated earnings and profits and does not expect to generate current earnings and profits in the current year or foreseeable future. For non-U.S. investors, such distributions would be exempt from U.S. dividend withholding tax.