#7 - VICI Properties (NYSE:VICI)
For many investors, high-yield dividends mean real estate investment trusts (REITs). By law, REITs have to set aside up to 90% of their earnings to reward shareholders through dividends. Many of these companies pay their dividends monthly, which can be an even bigger attraction for investors.
VICI Properties Inc. (NYSE: VICI) pays a quarterly dividend and is an attractive choice for investors—even at a time when the real estate market is under pressure. The key is the type of projects the company owns.
Many of the company’s 93 properties are considered high-value properties that are destinations for consumers and difficult to replace. You’re looking at some of the top casino resorts in Las Vegas: Caesars Palace, MGM Grand, The Venetian, and Mandalay Bay.
VICI has been steadily increasing its dividend, which has a yield of 5.4%.
About VICI Properties
VICI Properties Inc is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.
More about VICI Properties- Current Price
- $31.47
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 8 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $35.18 (11.8% Upside)
Dividend stocks offer investors a reliable way to generate income and navigate market volatility. But, as this list highlights, these companies often lack flashy business models. That’s because they are typically in the mature phase of their business cycle. While they may not be industry disruptors, they are often leaders in their sectors with strong fundamentals.
With that said, there are thousands of dividend stocks that investors can own. And investor opinions vary on what qualifies as a high-yield dividend stock.
That's why we used the MarketBeat Dividend Screener to help put together this list. This screener allows investors to sift through a range of dividend stocks based on criteria that most closely match their investment objectives. For this selection, we focused on stocks priced under $50 with a dividend yield above 3%—a rate that outpaces current inflation.
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