1 High-Yield Dividend Growth Stock Down 12% to Buy Right Now
Vici Properties (NYSE: VICI) is not a stock for the faint of heart, given that it is highly focused on leasing properties to just one type of business. But the business on which this real estate investment trust (REIT) is focused is a good one. Here's why dividend growth investors will want to take a look at Vici Properties and its lofty 5.7% yield, backed by a steadily growing dividend, right now.Vici Properties is, at its core, a net lease REIT. That means it owns physical properties that it leases out to single tenants and those tenants are responsible for most property-level costs. This type of business approach is not at all unique in the REIT sector. What is unique about Vici is that it is focused almost entirely on casino properties. These are giant assets that are very different from most other property types, as they generally include gambling facilities, hotels, convention space, restaurants, and retail all in the same structure.Image source: Getty Images.Continue reading
Vici Properties (NYSE: VICI) is not a stock for the faint of heart, given that it is highly focused on leasing properties to just one type of business. But the business on which this real estate investment trust (REIT) is focused is a good one. Here's why dividend growth investors will want to take a look at Vici Properties and its lofty 5.7% yield, backed by a steadily growing dividend, right now.
Vici Properties is, at its core, a net lease REIT. That means it owns physical properties that it leases out to single tenants and those tenants are responsible for most property-level costs. This type of business approach is not at all unique in the REIT sector. What is unique about Vici is that it is focused almost entirely on casino properties. These are giant assets that are very different from most other property types, as they generally include gambling facilities, hotels, convention space, restaurants, and retail all in the same structure.
Image source: Getty Images.
