Strive (ASST) · updated 2026-10-19 18:08 UTC · prices delayed
SATS is Strive's 15% fixed-rate preferred ($100 stated amount). The IPO priced Oct 15, 2026 at $90 (7M shares, about $630M) and is set to settle Oct 20; Nasdaq trading is expected within 30 days after that. Dividends are planned each business day starting Nov 9, 2026. It ranks behind SATA, isn't convertible, and missed dividends would be owed later (cumulative).
Key risk: It's behind SATA in line, and its terms only take effect once the offering closes.
| Issuer | Strive (ASST) (BTC-backed) |
| Dividend rate | 15.00% fixed |
| Pays | Every business day |
| Stated amount | $100 |
| Cumulative | Yes |
| Last price (delayed) | no quote (not trading) |
| Effective yield | — |
| Next payment | $0.871/sh paid 2026-11-09 (record 2026-11-06; contingent) |
| Tax character | unknown |
Priced Oct 15, 2026 (7,000,000 shares at $90; trade date Oct 16), settles Oct 20 (T+2) subject to closing conditions; board must declare. FWP: if declared in full, the first dividend payable Nov 9, 2026 would be $0.8710/share (accrued from an Oct 20 close).
SATS is excluded from Strive's coverage figures until its offering settles and shares are issued.
What is SATS's dividend?
SATS pays a 15.00% annual dividend rate (fixed) on its $100 stated amount, paid every business day.
Is SATS cumulative?
Yes. Missed dividends accrue and are owed later.
Effective yield = rate × stated amount ÷ price. Prices: Yahoo Finance (delayed). Crypto: CoinGecko. Terms, shares and holdings: issuer SEC filings. PrefWatch is independent and not affiliated with any issuer. Not investment advice.
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