From Swift Language Reference (Language Reference > Declarations > Declaration Modifier)
Apply this modifier to any member of a class that can be represented
by Objective-C. When you mark a member declaration with the dynamic
modifier, access to that member is always dynamically dispatched using
the Objective-C runtime. Access to that member is never inlined or
devirtualized by the compiler.Because declarations marked with the dynamic modifier are dispatched
using the Objective-C runtime, they’re implicitly marked with the objc
attribute.
It means that your property/method can be accessed by Objective-C code or class. Normally it happens when you sub-classing a Swift class of Objective-C base class.