Strive, Inc. declared its first cash dividends on the 15.00% Series A Perpetual SATS Preferred Stock on October 21, 2026. The company's board of directors approved an initial payment of $0.8710 per share, which covers the period from October 21, 2026, through November 9, 2026. This total comprises $0.4762 per share for the eight business days ending October 31, 2026, and $0.3947 per share for the six business days ending November 9, 2026. Strive will pay this initial dividend on November 9, 2026, to stockholders of record as of the close of business on November 6, 2026.
The SATS Stock accrues cumulative dividends at a fixed annual rate of 15.00% on a stated amount of $100.00 per share. Following the initial payment, the board declared daily cash dividends of $0.0658 per share for each business day from November 10, 2026, to November 30, 2026. This period spans 13 business days, resulting in an aggregate daily dividend payment of $0.8554 per share. These daily payments will be made to stockholders of record as of the close of business on the immediately preceding business day.
The daily dividend schedule begins on November 10, 2026, with a record date of November 9, 2026. Subsequent payments occur on November 12, 13, 16, 17, 18, 19, 20, 23, 24, 25, 27, and 30, with corresponding record dates set at the close of business on the prior business day. Each of these payments is set at $0.0658 per share.
From a U.S. federal income tax perspective, the filing notes that distributions on the SATS Stock may be treated differently depending on the company's earnings and profits status. To the extent distributions are not made out of accumulated or current earnings and profits, they are generally treated as tax-deferred recovery of capital for U.S. investors and are exempt from U.S. dividend withholding tax for non-U.S. investors. Strive indicated that it lacks accumulated earnings and profits and anticipates no current earnings and profits for the present year or the near future.