Dividends, or cash dividends, are a form of corporate action. Dividends are a distribution of a company's earnings to a specified class of its shareholders. All dividends are subject to approval by a company's board of directors before being disbursed to shareholders.
SoFi displays the dividend yield for securities. The dividend yield is a financial measure, expressed as a percentage, showing how much a company has historically paid in dividends each year relative to its market price.
Link to Dividend Reinvestment video