SATS priced at $90 with 16.7% perpetual yield by Strive
The yield compensates investors for payment capacity, claim priority, perpetual duration and the risk that SATS trades below its $100 preference.
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The yield compensates investors for payment capacity, claim priority, perpetual duration and the risk that SATS trades below its $100 preference.
The 11% discount to its $100 stated amount matters more than the price tag — the dividend was designed to defend that level, and it's now visibly failing to.