I am not telling you what to do with your money or dividends but reinvesting your dividends is a smart that to do. By reinvesting those sweet dividends, you get more shares of the company and the next dividend payment could be more money.
That dividend payment will be more and more over time just as long as you keep reinvesting the dividend payment over time. You can cash out the dividend, but if you are young, I would reinvest those dividends so when you get older, you can use those dividends payment to pay your bills. Also we all need something than a 401k for retirement. Getting passive income is great with dividend investing and check out the video below for more info.