2024-03-23 06:11:00 ET
Vici Properties (NYSE: VICI) is a real estate investment trust, or REIT, that focuses on gaming properties. It owns several iconic Las Vegas Strip real estate assets, including Caesars Palace, Venetian, MGM Grand, and Mandalay Bay, just to name a few. It also has a top-notch portfolio of regional gaming assets, with 54 gaming properties operated by leading companies like Caesars Entertainment (NASDAQ: CZR) , MGM Resorts (NYSE: MGM) , Hard Rock, Margaritaville, and others.
Vici has a dividend yield of nearly 6% that is well covered by its cash flow and has a strong history of producing excellent total returns for investors. I believe this cash-gushing dividend stock could produce market-beating returns for many years to come.
Many investors think of REITs as boring income investments, but that is simply not the case -- at least not with all of them. REITs are total return investments, and in addition to their dividend income, they have several ways to produce shareholder value (a rising stock price), including:
For further details see:
Beat the S&P 500 With This Cash-Gushing Dividend Stock