SoFi Technologies Inc. Dividends
The next dividend date for SoFi Technologies Inc. has not yet been scheduled.
What is a Dividend Date
When we talk about a dividend date, we’re referring specifically to the ex-dividend date.
This is the date on which all stockholders will earn a dividend. Technically, a person needs to be the owner of a share of stock as of the night before the ex-dividend date in order to earn the dividend.
The ex-dividend date is different than the date when the dividend is issued. Although you earn a dividend on the ex-dividend date, that dividend is typically not disbursed to your account until several weeks later.
Most brokerages will automatically credit the dividend to your account once it’s issued.
Historical Dividends for SoFi Technologies Inc. (SOFI)
More About SoFi Technologies Inc.
SoFi Technologies, Inc. provides various financial services in the United States, Latin America, Canada, and Hong Kong. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money; and personal loans, student loans, home loans, and related services. The company also operates Galileo, a technology platform that offers services to financial and non-financial institution; and Technisys, a cloud-native digital and core banking platform that provides software licenses and associated services, including implementation and maintenance. In addition, it provides SoFi Money offers checking and savings accounts, and cash management products; and SoFi Invest, a mobile-first investment platform that offers access to trading and advisory solutions, such as investing and robo-advisory. Further, the company offers SoFi Credit Card that provides cash back rewards on every purchase; Sofi Relay, a personal finance management product that allows to track all of their financial accounts comprising credit score and spending behaviors; SoFi Protect which offers insurance product; SoFi Travel, an application that manages travel search and booking experience; SoFi At Work provides financial benefits to employees, including student loan payments made on their employees' behalf; Lantern Credit, a financial services marketplace platform for seeking alternative products and provide product comparisons; and other lending as a service that offers pre-qualified borrower referrals and offers loans to third-party partner. The company was founded in 2011 and is based in San Francisco, California.
Owning SoFi Technologies Inc. Stock on the Dividend Date
If you own SoFi Technologies Inc. stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of SoFi Technologies Inc. stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of SoFi Technologies Inc. stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying SoFi Technologies Inc. stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the SoFi Technologies Inc. dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Owning SoFi Technologies Inc. Options on the Dividend Date
Unlike the stock price, which will normally have an abrupt decrease by the amount of the dividend on the ex-dividend date, option prices typically do not reflect the same phenomenon.
The reason is that in the time leading up to the ex-dividend date, that projected drop in SoFi Technologies Inc. stock price from the dividend is already baked into SoFi Technologies Inc. option prices.
That means the prices of call options that overlap the SoFi Technologies Inc. ex-dividend date typically go down in the period leading up to the ex-dividend date.
The prices of put options that overlap the SoFi Technologies Inc. ex-dividend date typically go up in the period leading up to the ex-dividend date.
Owners of SoFi Technologies Inc. call options do not receive the dividend, even if they own the options on the ex-dividend date. Owners of SoFi Technologies Inc. put options are not responsible to pay the dividend, even if they own the options on the ex-dividend date.
Learning More SoFi Technologies Inc. Dividends
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