This 4.7%-Yielding Dividend Stock's Growth Is Crushing the S&P 500
VICI Properties (NYSE: VICI) made a huge bet last year. It completed a transformational $17.2 billion merger with fellow gaming REIT MGM Growth Properties. On top of that, it secured several other acquisitions and investments in the gaming and nongaming sectors.
That gamble is paying big dividends this year. VICI Properties is delivering sector-leading earnings growth. That sets the stage for the REIT to continue growing its already above-average 4.7%-yielding dividend.
VICI Properties recently reported strong first-quarter results. Its high-stakes shopping spree paid off handsomely. Revenue more than doubled while the REIT's adjusted funds from operations (FFO) grew 73% on an absolute basis and by nearly 19% per share.
Source Fool.com
