10 Best Casino Stocks that Pay Dividends

3. VICI Properties Inc. (NYSE:VICI)

Number of Hedge Fund Holders: 33

VICI Properties Inc. (NYSE:VICI) ranks third on our list of the best casino stocks that pay dividends. The American real estate investment trust company mainly invests in casinos and entertainment properties. The company has considerable involvement in the casino industry, with Caesars Entertainment and MGM Resorts being two of its major tenants. A substantial portion of its revenue is generated from the 54 properties that host casinos, and frequently, associated hotels as well. The stock’s year-to-date returns come in at over 3% and in the past year, it has returned over 7%.

Although VICI Properties Inc. (NYSE:VICI) has a strong foothold in the casino industry, it is actively seeking to diversify its portfolio. Acknowledging the economic volatility of the casino sector, the company provided a $250 million loan to Great Wolf Lodge. This action reinforces its ongoing partnership with the operator of a chain of indoor water parks and hotels. The second quarter of 2024 remained strong for the company as its revenues grew by 6.5% on a YoY basis at $957 million. Its net income came in at $741.3 million, up 7.3% from the same period last year. At the end of the quarter, $347.2 million was available in cash and cash equivalents.

VICI Properties Inc. (NYSE:VICI) is one of the best casino stocks that pay dividends as the company returned $430 million to shareholders through dividends. Moreover, the company has raised its payouts every year since the inception of its dividend policy in 2018. On September 5, it declared a 4% hike in its quarterly dividend to $0.4325 per share. The stock supports an impressive dividend yield of 5.14%, as of September 12.

According to Insider Monkey’s database of Q2 2024, 33 hedge funds had invested in VICI Properties Inc. (NYSE:VICI), compared with 38 in the previous quarter. These stakes have a total value of nearly $936 million.