Skip The Gambling: Collect Dividends From These Casino High-Yielders
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Dividend Collection AgencyInvesting GroupFollow5ShareSavePlay(10min)Comment(1)SummaryVICI Properties and Gaming and Leisure Properties offer yields above 6% and 7%, respectively, underpinned by strong cash flows and fundamentals.VICI trades at an attractive 11.8x P/AFFO, below sector median, with robust liquidity, 8th consecutive dividend increase, and a well-covered 75% AFFO payout ratio.GLPI boasts a lower 10.78x P/AFFO, solid 4.4x leverage, no debt maturities until 2027, and an 80% AFFO payout ratio, supporting its high yield.Short-term volatility from tenant risk and muted travel is likely, but both REITs are positioned for long-term, income-focused investors seeking well-covered, high yields. Bet_Noire/iStock via Getty Images Introduction As someone who visits Las Vegas quite often, usually 3 to 4 times a year, you'd think I'd be a huge gambler. But the truth is I rarely gamble. Every time I visit, I usually take out $100 and placeThis article was written byDividend Collection Agency7.85K FollowersFollowContributing analyst to the iREIT+Hoya Capital investment group.
Dividend Collection Agency is not a registered investment professional nor financial advisor and these articles should not be taken as financial advice. This is for educational purposes only and I encourage everyone to do their own due diligence. I'm a Navy veteran who enjoys dividend investing in quality blue-chip stocks, BDC's, and REITs. I am a buy-and-hold investor who prefers quality over quantity and plans to supplement his retirement income and live off dividends in the next 5-7 years. I aspire to reach and help the hard working, lower and middle class workers build investment portfolios of high quality, dividend-paying companies. I also hope to give investors a new perspective to help them reach financial independence.Analyst’s Disclosure:I/we have a beneficial long position in the shares of VICI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.