15 Best Dividend Stocks to Buy for Long-Term Passive Income

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12. VICI Properties Inc. (NYSE:VICI)

Number of Hedge Fund Holders: 48

VICI Properties Inc. (NYSE:VICI) ranks 12th on our list of the best dividend stocks for passive income. The American real estate investment trust company invests in casinos and entertainment properties. The stock is generating solid returns this year, surging by over 12% since the start of 2025, and its 12-month returns came in at over 14%.

Last year, VICI Properties Inc. (NYSE:VICI) allocated over $1 billion in capital across multiple transactions. This included funding for the expansion of The Venetian Resort Las Vegas, supporting the construction of a Margaritaville resort in partnership with Homefield, and extending another debt investment to Great Wolf Resorts. VICI Properties has kept up its investment momentum this year as well, establishing a new strategic partnership with Cain International and Eldridge Industries in the first quarter. Its initial move under this collaboration was a $300 million mezzanine loan to help finance the development of One Beverly Hills, a high-profile luxury mixed-use project.

VICI Properties Inc. (NYSE:VICI) demonstrated a strong cash position in the most recent quarter. It ended FY24 with a solid cash reserve of $524.6 million and also returned $456.7 million to shareholders through dividends in the fourth quarter of 2024. The company initiated its dividend policy in 2018 and has raised its payouts every year since then. Currently, it offers a quarterly dividend of $0.4325 per share and has a dividend yield of 5.32%, as of April 24.

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