VICI Properties raises dividend 4%, yielding 6.3%, backed by strong cash flow and long-term leases.

VICI Properties announced a $0.45 quarterly dividend, marking its eighth consecutive annual increase and yielding about 6.3%, well above the REIT sector average. The dividend is supported by strong adjusted funds from operations (AFFO) coverage, stable cash flow from long-term leases with investment-grade tenants, and a solid portfolio at full occupancy. Risks include tenant concentration, with two tenants accounting for 73% of rent, and a significant debt load, though both are managed within investment-grade standards. Investors will watch the upcoming Q1 2026 earnings report for updates on growth and new partnerships that could influence future dividend increases.