A Closer Look at VICI Properties' Dividend for Income Investors

VICI Properties Inc. (NYSE:VICI) is one of the Best REIT Dividend Stocks to Buy in 2025.

Formed in 2017 from Caesars Entertainment’s bankruptcy, the company has rapidly expanded through casino acquisitions, a major merger, and diversification into experiential real estate. Its inflation-linked, triple-net leases provide stable, growing rental income.

VICI Properties Inc. (NYSE:VICI) is a strong dividend payer and maintains a healthy dividend payout ratio of around 75%. It has a strong investment-grade balance sheet, with leverage below 5.5 times. This financial strength allows it to keep expanding its portfolio, not just through acquisitions but also by funding partners’ property upgrades and developments, generating reliable income in the process.

Since going public, VICI Properties Inc. (NYSE:VICI) has raised its dividend every year, marking its seventh consecutive increase in late 2024. Its payout growth has outpaced peers, averaging 7% annually since 2018 versus the sector average of 2%. With solid financials and plenty of growth potential, Vici is well-positioned to keep growing its high-yield dividend.

VICI Properties Inc. (NYSE:VICI) pays a quarterly dividend of $0.4325 per share and has a dividend yield of 5.27%, as of June 23.

While we acknowledge the potential of VICI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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