VICI Properties Inc. (NYSE:VICI – Get Free Report) announced a quarterly dividend on Thursday, September 3rd. Shareholders of record on Thursday, September 17th will be paid a dividend of 0.46 per share on Thursday, October 8th. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Thursday, September 17th. This is a 2.2% increase from VICI Properties’s previous quarterly dividend of $0.45.
VICI Properties has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. VICI Properties has a payout ratio of 63.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect VICI Properties to earn $2.50 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 72.0%.
VICI Properties Stock Performance
VICI opened at $25.69 on Friday. VICI Properties has a 1-year low of $25.34 and a 1-year high of $33.83. The company has a market cap of $28.29 billion, a price-to-earnings ratio of 9.96 and a beta of 0.65. The company’s fifty day moving average price is $26.42 and its two-hundred day moving average price is $27.65. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57.
About VICI Properties
VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.
The company’s portfolio is concentrated in major U.S.
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