Strive Asset Management is preparing to launch SATA preferred stock as the first U.S.-listed security to pay cash dividends every business day.
Strive Asset Management is preparing to launch a new structure for income-focused investors, with its SATA preferred stock set to become the first U.S.-listed security to distribute cash dividends on every business day. The shift, scheduled for June 16, marks a departure from the monthly payout model that defines most dividend instruments and reflects a broader push to reshape yield products around digital asset strategies.
The company will maintain its stated annual dividend rate of 13%, yet the move to daily distributions raises the effective annual yield to about 13.88% through compounding across roughly 250 trading days.
Chief executive officer Matthew Cole described the design as a structural innovation aimed at positioning SATA as an alternative to money market funds and other short-duration income vehicles.
The appeal rests on frequency. Investors receive cash flows each trading day rather than waiting for monthly cycles, which can improve reinvestment efficiency and portfolio liquidity. In practice, a holder of SATA stock would see small but consistent payments that compound over time, a feature that mirrors certain fixed income ladder strategies but within an equity wrapper.
