VICI Properties Inc. (NYSE:VICI) is included among the 11 Cheap Quarterly Dividend Stocks to Buy Right Now.
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VICI Properties Inc. (NYSE:VICI) is an American real estate investment trust company that focuses on investing in premier casino, hospitality, wellness, entertainment, and leisure destinations. Its portfolio is largely structured around triple-net leases (NNN) with very long terms, averaging 40 years. Under this arrangement, tenants are responsible for all property-related costs, including maintenance, taxes, and insurance.
Many of these leases include rent escalation provisions tied to inflation, covering 42% of leases this year and expected to reach 90% by 2035. This setup allows VICI Properties Inc. (NYSE:VICI) to generate highly reliable and steadily increasing rental income, with same-store rents rising by an average of 1.7% this year.
On September 4, VICI Properties Inc. (NYSE:VICI) declared a 4% hike in its quarterly dividend to $0.45 per share. Through this increase, the company stretched its dividend growth streak to eight years, which makes VICI one of the best cheap quarterly dividend stocks. The stock supports a dividend yield of 5.64%, as of September 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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