In this article, we discuss 5 casino stocks that pay dividends. If you want to read our detailed analysis of the casino industry and dividend stocks, go directly to read 10 Casino Stocks that Pay Dividends.
5. Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)
Number of Hedge Fund Holders: 28
Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) is a real estate investment trust company that primarily focuses on owning and leasing casino and gaming-related properties. On August 31, the company declared a 1.4% hike in its quarterly dividend to $0.73 per share. It has raised its dividends many times over the years, which places it as one of the best casino stocks with dividends. The stock has a dividend yield of 6.50%, as of September 27.
The number of hedge funds tracked by Insider Monkey owning stakes in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) grew to 28 in Q2 2023, from 26 in the previous quarter. The overall value of these stakes is over $317.7 million.
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4. Vail Resorts, Inc. (NYSE:MTN)
Number of Hedge Fund Holders: 31
Vail Resorts, Inc. (NYSE:MTN) is next on our list of the best casino stocks with dividends. The resort and casino company currently offers a quarterly dividend of C$2.06 per share and has a dividend yield of 3.49%, as of September 27. In the past 12 months, the stock has delivered a return of 12.20%.
As of the end of June 2023, 31 hedge funds in Insider Monkey’s database reported having stakes in Vail Resorts, Inc. (NYSE:MTN), down from 37 in the previous quarter. The consolidated value of these stakes is over $1.35 billion. With over 3 million shares, Select Equity Group was the company’s leading stakeholder in Q2.
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3. Boyd Gaming Corporation (NYSE:BYD)
Number of Hedge Fund Holders: 35
Boyd Gaming Corporation (NYSE:BYD) operates in the gaming and hospitality industry. The company owns and operates a portfolio of casino properties located in various regions across the US. The company is one of the best casino stocks on our list as it has raised its dividends every year since 2017. It currently pays a quarterly dividend of $0.16 per share and has a dividend yield of 1.06%, as of September 27.
Insider Monkey’s database of 910 hedge funds indicated that 35 funds owned stakes in Boyd Gaming Corporation (NYSE:BYD), growing from 31 in the previous quarter. The consolidated value of these stakes is over $691.5 million. Among these hedge funds, Ariel Investments was the company’s largest stakeholder in Q2.
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2. VICI Properties Inc. (NYSE:VICI)
Number of Hedge Fund Holders: 40
VICI Properties Inc. (NYSE:VICI) is a real estate investment trust company that primarily focuses on owning, acquiring, and leasing gaming, hospitality, and entertainment-related properties. The company also owns properties that are associated with casinos and resorts.
VICI Properties Inc. (NYSE:VICI) currently pays a quarterly dividend of $0.415 per share, having raised it by 6.4% on September 7. Through this increase, the company took its dividend growth streak to six years, which makes it one of the best casino stocks on our list. The company’s shares have a dividend yield of 5.75%, as of September 27.
According to Insider Monkey’s database of Q2 2023, 40 hedge funds owned stakes in VICI Properties Inc. (NYSE:VICI), up from 39 in the previous quarter. The collective value of these stakes is over $780.3 million.
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1. Wynn Resorts, Limited (NASDAQ:WYNN)
Number of Hedge Fund Holders: 47
Wynn Resorts, Limited (NASDAQ:WYNN) tops our list of the best casino stocks that pay dividends. The company owns and operates high-end integrated resort properties that feature casino gaming. It currently pays a quarterly dividend of $0.25 per share and has a dividend yield of 1.08%, as of September 27.
Wynn Resorts, Limited (NASDAQ:WYNN) was a part of 47 hedge fund portfolios at the end of Q2 2023, up from 46 in the previous quarter, as per Insider Monkey’s database. The collective value of stakes owned by these hedge funds is over $907.7 million.
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