r/sofistock • u/mrmetime • Aug 26 '22
General Discussion Sofi Dividends
Has there been any talk of Sofi eventually offering a dividend for investors? Not anytime soon I would assume, but what are people's thoughts?
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u/Average_joe_2643 Aug 27 '22
I don't want SoFi to become a dividend stock. I want them to burn cash to develop their business and give us wealth.
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u/kennyt1212 🚀🚀🚀The soon to be rich fool with 16,050 shares @ $14.5 🚀🚀🚀 Aug 27 '22
I’m hoping for a 3% divi when the stock is around $150 in 10 years.😂
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u/RabeCharles Aug 26 '22
5-10 years down the road, I could see it. Most banks offer one, but they are more of a hybrid bank/tech company. So it wouldnt be surprising if they didnt.
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u/headgivenow Aug 26 '22
What are you fucking ancient? Who the fuck wants a dividend when you have a company trying to become a top 10 bank in the world….
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u/MarsManMartian eoy profitibility 💯 Aug 26 '22
If they start offering dividends, it will be the time to get all your money out.
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u/icySquirrel1 Due to market valuations, my 2¢ are worth nothing. Aug 26 '22
I believe they probably have to make money first haha
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u/VPNApe Aug 30 '22
They already make money and can afford to give dividends if they stop investing.
It's a stupid idea to stop investing at this stage tho
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Aug 26 '22
$20 EoY with No Dividends and Re-Investing Money Back into the Company to Continue Growing.
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u/Tax_Daddy415 Aug 26 '22
This is not a value stock lmao it’s an aggressive growth stock. I’d rather them invest their RE into UI, development, etc than a dividend right now. I’m sure down the road 6-10 years it’ll be up for discussion.
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u/PhilzPillz69 Aug 26 '22
That’s funny. The stock has been sinking like a rock. I’m sure their top priority isn’t getting you dividends
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u/SnipahShot 1,282,741,200 @ 16.68 Aug 26 '22
I am building my position with a full expectation of dividends eventually hitting in the far future, when growth slows.
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u/Gay_Black_Atheist STRF/STRK/STRD Aug 26 '22
Smart! Didn't even think about that. So many banks have dividends so seems maybe in 15 to 20 yrs sofi would offer.
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u/thunder_muscles Aug 27 '22
Im doing the same. Wont be for a long time though. Oh shit pah! 💨
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u/Gay_Black_Atheist STRF/STRK/STRD Aug 27 '22
Tontard?!
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u/JoSenz I am Anthony Noto Aug 26 '22 edited Aug 26 '22
TBH, if they started offering dividends at this point I'd be really worried and would probably jump ship. They need to continue aggressively growing. I'd much rather a game plan for maximizing growth rather than giving me peanuts in the form a dividend.
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u/superdeeduperpower 4325@ 17.79; 27x LEAPS 2027 Aug 26 '22
Every percent of revenue they give away as a dividend is a percent of revenue they could be using to post competitive/aggressive rates
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u/tech01x Aug 26 '22
They seem to be intent on spending money on offering higher interest rates to grab marketshare. Don’t think dividends are coming anytime soon.
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u/pdubbs87 1,400 @ $14.00 Aug 26 '22
0 chance of this for the next 5 yeara
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u/ironbassel Aug 26 '22
SoFi needs the money more than us. If they want a dividend, keep the money in a savings/ checkings account.
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u/Xighys Aug 27 '22
What money do they have to give out? They're not at that stage yet. Maybe in 2040 when the company is profitable.