Here’s Why VICI Stock’s Yield Just Touched 7.64%, the Highest Point on Record

VICI Properties (VICI) has seen its quarterly dividend rise to $0.45 per share, marking the only increase in its dividend history. Analysts argue that buybacks are not the best use of funds for VICI, as they offer loans yielding near 9.5% and a new Club Med deal. The company's payout ratio has reached an all-time high of 91.33% in the most recent quarter, with VICI stock's NTM dividend yield reaching 7.64%, the highest point on record.

With $2.5 billion in liquidity and a loan book yielding close to 9.5%, management believes the focus should be on deploying capital and maintaining AFFO growth, rather than engaging in buybacks.