This Stock Has a 6% Dividend Yield and a Strong History of Performance – Is It a Buy?

By Matt Frankel and Tyler Crowe – May 22, 2024 at 6:07AM

NYSE: VICI

Vici Properties

Market Cap

$30B

Today's Change

(%)

Current Price

$28.29

Price as of June 14, 2024, 4:00 p.m. ET

This gambling real estate owner has produced impressive results so far, but is its latest growth strategy too risky?

Vici Properties (VICI) was spun off from Caesars Entertainment (CZR -4.91%) several years ago, and since that time it has grown into the largest gambling property owner in North America. With the high-interest-rate environment making it difficult to justify property acquisitions, management is finding other interesting ways to grow. In this video, two of our contributors discuss what investors should know before investing in this high-yield stock.

*Stock prices used were the morning prices of May 17, 2024. The video was published on May 18, 2024.

Matt Frankel has positions in Vici Properties. Tyler Crowe has positions in Vici Properties. The Motley Fool has positions in and recommends Vici Properties. The Motley Fool has a disclosure policy.