10 Cheap Quarterly Dividend Stocks to Buy Now

8. VICI Properties Inc. (NYSE:VICI)

Forward P/E Ratio as of April 27: 11.59

An American real estate investment trust company, VICI Properties Inc. (NYSE:VICI) invests in casinos and other entertainment properties. The REIT has shown strong financial health and resilience, highlighted by its consistent dividend increases for investors. Another positive point is its focus on growth. Management is also working to diversify beyond the gaming sector, with a major strategy centered on providing loans to other businesses, opportunities that could potentially lead to future property acquisitions. Since the start of 2025, the stock has surged by over 11%.

In 2023, VICI Properties Inc. (NYSE:VICI) invested over $1 billion across several deals, including funding the expansion of The Venetian Resort Las Vegas, supporting the development of a Margaritaville resort in partnership with Homefield, and offering additional financing to Great Wolf Resorts. The company continued its investment activity in 2024, forming a strategic partnership with Cain International and Eldridge Industries. Its first move under this collaboration was a $300 million mezzanine loan to help fund the One Beverly Hills luxury mixed-use development.

VICI Properties Inc. (NYSE:VICI) also reported a strong cash position in the latest quarter, closing fiscal year 2024 with $524.6 million in cash reserves. It returned $456.7 million to shareholders through dividends in the fourth quarter alone. Since initiating its dividend policy in 2018, the company has increased its payouts every year. The company offers a quarterly dividend of $0.4325 per share and has a dividend yield of 5.37%, as of April 27. With a forward P/E ratio of 11.59, VICI is one of the best cheap quarterly dividend stocks.