COUPON-PG-MAR27

Market information

Distribution history

Declared amounts and the normalized factor applied to claims.

• $1.0275

  Ex Oct 23, 2026 · Pay Nov 16, 2026
  Normalizing

  Verifying

Trailing distribution yield 2.44% across 70 consecutive quarters of non-decreasing declarations.

Corporate-action timeline

1. Quarterly cash distribution declaredOct 23, 2026

   Cash dividend · Issuer filing · Verifying

2. 2-for-1 forward split declaredOct 5, 2026

   Stock split · Exchange notice · Verifying

Indicative quote levels

Resting size around the current mark, in COUPON units.

Contract architecture

• Strip engine

  Escrows the Stock Token and mints exactly one CORE and one COUPON claim per unit of collateral.

• Action oracle

  Publishes the normalized distribution factor once two independent sources agree.

• Market router

  Prices COUPON against protocol-owned and external liquidity for a single maturity.

• Settlement module

  Redeems COUPON against the accrued amount and returns CORE to the Stock Token at maturity.

Deployed addresses are published in the developer documentation once the protocol contracts are live on Robinhood Chain.

Risk disclosures

• A Stock Token represents economic exposure. It does not confer shareholder rights or direct ownership of the underlying company.
• Implied payout is an expectation, not a commitment. A reduced or cancelled declaration lowers the amount a COUPON settles against.
• Corporate actions can pause settlement while sources are reconciled. Trading continues, but redemption is held.
• COUPON markets are thinner than the underlying Stock Token. Exit prices can differ materially from the indicative mark.
• Splits rescale claims without creating yield. Quantity and per-unit value change together.