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VICI Properties (NYSE:VICI) said Thursday it’s boosting its annual dividend 10. hard rock casino lake tahoe rooms 9 percent to . 32 a share. VICI is the owner of Caesars Palace Las Vegas and a variety of other well-known domestic gaming properties. Harrah’s on the Las Vegas Strip, a venue owned by VICI Properties, which raised its dividend. (Image: Reno Gazette-Journal)The new payout, which works out to 33 cents on a quarterly basis, is payable on Oct. 8 to shareholders of record on Sept.

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30. silver oak casino free spins 2020 Mountaineer Casino Poker Gbtm Dividend increases are never guaranteed, but some analysts expected VICI would raise the cash reward this month. soaring eagle casino schedule This nearly 11 percent increase is well-supported by the growth in our acquired funds from operations (AFFO) from the recently closed transactions, and cash rent collection track record,” said VICI CFO David Kieske in a statement. The gaming real estate investment trust (REIT) was spun off from the oldis 7 feathers casino open version of Caesars Entertainment in October 2017, and with today’s dividend news, its payout increase streak is now three years. Impressive FeatAs noted above, VICI’s ability to collect rent from its tenants is itself impressive, because domestic gaming properties were shuttered for three months — in some cases longer — earlier this year because of the coronavirus pandemic. silver oaks casino reviews online casino real money 18+ However, the landlord encountered no issues with clients on lease obligations and even helped one with financing issues. the gold coast casino The new Caesars is VICI’s largest tenant by way of the real estate company’s relationship with its former parent and the old Eldorado Resorts, the operator that bought Caesars.

Penn National Gaming is VICI’s other marquee client. The REIT’s dividend increase is notable for other reasons. First, every US-based gaming operator that had a cash payout prior to the COVID-19 pandemic either cut or suspended those distributions to conserve cash. bellagio casino drinks Second, the real estate sector is one of the epicenters of dividend duress this year, as REITs are being punished by retail store closures and abandoned office space. Obviously, VICI doesn’t operate in those segments. real casino bonus no deposit As such, the owner of the property assets of several Horseshoe casinos is outperforming the MSCI US Investable Market Real Estate 25/50 Index by 600 basis points year-to-date. Positioned for More GrowthForecasting any company’s dividend plans for 2021 is tricky at this point. Bovada Casino Free Play Rhea

But VICI is building a track recis 7 feathers casino openord of steady growth. “We will continue to maintain a prudent approach to capital allocation and strive to reward shareholders through accretive growth and attractive total return,” said Kieske. Hollywood Casino 800 Number Dyjr Going beyond the corporate-speak, VICI added 3 million in annual rent with the creation of the new Caesars. wild rose casino events chukchansi casino incident With less than a third of its lease revenue derived from the still-sluggish Las Vegas Strip, the REIT has a lower risk profile. big fish casino sign in win real money on online slots That potentially ensures its enviable record of rent collection can continue even if the US economy staggers. Based on Thursday’s close at . wynn las vegas casino news 75, VICI yields 5. 8 casino street glenwood

55 percent when accounting for the new dividend. Among the three publicly traded gaming REITs, VICI has the lowest yield. Ruby Bolts E Vorkath Pzaz Two MGM Resorts casinos, one in New York and the other in Nevada, are slated to reopen soon following