This entertainment Real Estate Investment Trust just increased its dividend by 3 ½ cents, to $1.19 per share annually. The annual dividend yield is currently 5.15%, paid quarterly.
VICI Properties Inc. (VICI)
From Dividend Detective
The market, ignoring the worsening pandemic news, rewarded stocks that beat analyst forecasts, even if those forecasts called for a 50% drop in earnings from last year. Despite all you hear about tech stocks, consumer discretionary stocks and utilities did the best in July.
An October 2017 spin-off from Caesars Entertainment, VICI owns gaming and hospitality properties, including Caesars Palace in Las Vegas that it leases to third party operators. VICI also owns four championship golf courses. VICI, growing mainly by acquisition, recently announced two significant new deals and more are probably on the way.
Analysts are forecasting 14% revenue growth, 7% EPS growth, and 12% dividend growth over the next 12-months.
VICI Properties reported June quarter FFO (adjusted) of $0.36 per share, $0.01 above analyst forecasts but down $0.02 vs. year-ago. Revenues were up 17% to $257.9 million.
Harry Domash, Dividend Detective, www.dividenddetective.com, 866-632-1593, August 5, 2020