VICI Properties Inc. (NYSE:VICI – Get Free Report) announced a quarterly dividend on Thursday, March 5th. Investors of record on Thursday, March 19th will be given a dividend of 0.45 per share on Thursday, April 9th. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Thursday, March 19th.
VICI Properties has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 4 years. VICI Properties has a dividend payout ratio of 63.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect VICI Properties to earn $2.39 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 75.3%.
VICI Properties Trading Up 0.7%
NYSE VICI opened at $28.63 on Tuesday. The firm has a market capitalization of $30.60 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 3.26 and a beta of 0.67. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.17 and a current ratio of 3.17. VICI Properties has a one year low of $27.48 and a one year high of $34.01. The company’s 50 day moving average price is $28.93 and its 200 day moving average price is $29.88.
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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