Strive, Inc. announced that its board of directors declared daily cash dividends for its Variable Rate Series A Perpetual Preferred Stock (SATA). The dividend rate is maintained at 13.00% per annum, resulting in a payment of $0.0516 per share for each business day from October 1 through October 31, 2026. Payments are made to stockholders of record on the preceding business day, with the first payment occurring on October 1, 2026. The company noted it has no accumulated earnings and profits, meaning distributions may be treated as a tax-deferred recovery of capital rather than ordinary dividends. Strive, Inc. operates in the fintech industry, providing digital banking infrastructure and embedded finance solutions.
