VICI Stock Recent News

NEW YORK--(BUSINESS WIRE)--VICI Properties Inc. (NYSE: VICI) (“VICI Properties”, “VICI” or the “Company”) an experiential real estate investment trust, today released its 2023-2024 Environmental Sustainability, Social Responsibility and Corporate Governance Report (“2023-2024 ESG Report”) highlighting VICI's progress with respect to its environmental, social and governance initiatives over the past twelve months. VICI's 2023-2024 ESG Report aligns with the Sustainability Accounting Standards Bo.

NEW YORK--(BUSINESS WIRE)--VICI Properties Inc. (NYSE: VICI) (“VICI Properties”) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.4325 per share of common stock for the period from July 1, 2024 to September 30, 2024, representing an annualized amount of $1.73 per share and a 4.2% increase from the current dividend rate. The dividend will be payable on October 3, 2024 to stockholders of record as of the close of business on September 18, 2024. Abou.

VICI has already generated robust FQ2'24 performance metrics while raising their FY2024 guidance, with it implying a potentially rich dividend hike in FQ3'24. With the REIT already generating H1'24 AFFO growth at +6.6% YoY, we believe that the management's guidance is on the prudent side, with another beat and raise performance very likely. VICI has diversified its concentration risks to non-gaming sectors as well, with it exemplifying the management's confidence of generating profitable growth ahead.

Don't let VICI Properties Inc‘s VICI modest year-to-date gain of 0.4% fool you.

VICI Properties is a net lease REIT with a 5%-plus yield. The company saw revenue and net income growth in 2Q24, raised guidance, and made new investments. Despite some riskier moves into new segments, VICI remains a well-managed REIT with a solid valuation and upside potential.

Vici Properties has largely been serving the surprisingly resilient casino industry. Now, this real estate investment trust is expanding into non-gambling ventures.

Nvidia and other megacap tech stocks have performed tremendously well. However, the expected falling-rate environment could be a big catalyst for real estate investment trusts, or REITs.

The gaming property sector offers unique advantages over the retail sector, including high occupancy rates and strong negotiating positions. VICI Properties and Gaming and Leisure Properties are major players in the gaming property sector with outstanding business metrics and favorable investment spreads. Both REITs offer attractive dividends, sustainable business metrics, and potential for multiple appreciation, making them worth considering for a portfolio.

Times of higher uncertainty and elevated market volatility can provide investors with excellent opportunities to start building a dividend portfolio. The dividend portfolio I will present in today's article provides investors with broad diversification across sectors, with no sector accounting for more than 18% of the overall portfolio. This dividend portfolio delivers a Weighted Average Dividend Yield [TTM] of 3.90% and a 5-year Weighted Average Dividend Growth Rate of 8.69%.

VICI Properties remains a top REIT pick with iconic properties and solid fundamentals, while offering a nice dividend yield above 5%. Their recent Q2 earnings showed strong growth in revenue, FFO, and AFFO, positioning VICI as a solid long-term investment. This allowed VICI to raise their full-year guidance. Their strong liquidity, and well-covered dividend make VICI Properties a buy, despite potential risks like economic downturns.