Why I'm Increasing My Wager on This High-Yield Dividend Stock
A core aspect of my investing strategy is buying stocks with attractive and growing dividends. I aim to generate enough passive income from dividends and other sources to eventually cover my expenses. While I have a long way to go, I'm steadily making progress as I make new income-focused investments and those companies increase their payouts.
VICI Properties (NYSE: VICI) is one of my latest buys. Here's why I'm boosting my bet on this experiential real estate owner.
Last year was a transformational one for VICI Properties. The REIT completed its acquisition of rival gaming REIT MGM Growth properties for $17.2 billion. It also bought the Venetian Resort Las Vegas for $4 billion. Those deals made it the largest real estate owner on the Las Vegas Strip.
Source Fool.com
