assetbest 
Dividend-paying stocks offer a simple way to earn passive income: buy a stock that pays dividends and collect periodic cash. Most companies, however, pay quarterly, which can feel infrequent for investors who need regular income. If you want weekly payouts without juggling a dozen different holdings, the SoFi Weekly Dividend ETF (WKLY) provides a convenient alternative.
WKLY is a passively managed ETF that tracks the SoFi Sustainable Dividend Index, developed by Solactive in partnership with SoFi. The index targets large- and mid-cap U.S. and developed-market companies that have paid dividends over the past 12 months and are likely to continue doing so. It’s market-cap weighted and rebalanced quarterly. SoFi licensed its name to the index provider but doesn’t handle the index’s ongoing maintenance.
The ETF collects dividends from its holdings and distributes income to shareholders every Thursday. It charges an expense ratio of 0.49%. At recent prices, the fund has been paying $0.02 per share each week, which translated to an annual yield around 3.45% at the time of the snapshot—higher than the S&P 500 ETF’s yield of about 1.56%. Keep in mind dividend yields move with the ETF’s share price: if the price falls, the yield rises, and vice versa.
WKLY’s portfolio is built to favor dividend sustainability over growth. That makes it a relatively conservative, income-focused basket—steady rather than exciting. The fund is also internationally diversified, though a majority of assets are in North America (about 64.6%), with the remainder spread across other developed markets. Since its launch in May 2021, WKLY has generally maintained the $0.02 weekly payout and issued a one-time larger distribution on December 27, 2022.
Whether WKLY fits your plan depends on your goals. It’s a useful choice if you want predictable, weekly dividend checks without researching and managing individual stocks. To generate meaningful cash flow from WKLY, however, you’ll need a substantial number of shares, or you can reinvest the payouts to grow your position over time.
Alternatives exist. SoFi offers other ETFs with different objectives—some track the S&P 500 or growth-oriented mid-cap stocks, while others focus on bonds or weekly interest payments. Two notable examples are SoFi Weekly Income ETF (TGIF), which delivers weekly interest from fixed-income holdings, and SoFi Enhanced Income ETF (THTA), which targets monthly income using treasuries and option strategies. Choosing the best fund comes down to your risk tolerance, income needs, and whether you prefer dividends or interest.
You can also build your own dividend ladder by selecting individual dividend payers and staggering payout dates, but that requires significant research and ongoing maintenance. Building a diversified mix of high-yield stock, bond, and REIT ETFs is another way to pursue income without relying solely on WKLY.
One more point: SoFi Technologies, Inc. (SOFI), the company behind the investment platform, does not pay dividends on its ordinary shares, even though some SoFi-managed ETFs do distribute income.
In short, WKLY is a niche, income-focused ETF that offers the convenience of weekly dividend distributions and a portfolio screened for dividend sustainability. It’s a reasonable option for investors who need weekly cash flow and prefer a hands-off approach; for others, monthly or quarterly income options—or a self-constructed dividend portfolio—may be more suitable.
