2 High-Yield Dividend Stocks That Just Raised Their Guidance
VICI Properties and EPR Properties both raised their full-year outlooks, and both could be worth a closer look for patient investors.
Two high-yield dividend stocks, Vici Properties (VICI) and EPR Properties (EPR), recently raised their full-year guidance. Real estate investment trusts (REITs) are known for their predictable rental income, making a guidance increase noteworthy for income investors. Vici Properties, which owns casino and entertainment properties like Caesars Palace and MGM Grand in Las Vegas, reported adjusted funds from operations (AFFO) of $0.62 per share, up 4.3% year-over-year.
The company also authorized a new $2 billion share buyback, indicating confidence in its own stock. Vici's quarterly dividend yields 7.4%, with a payout ratio of 74% of AFFO, considered safe for a REIT. However, Vici's tenant concentration in Caesars and MGM Resorts poses some risk. EPR Properties, on the other hand, owns experiential properties like movie theaters, eat-and-play venues, and ski resorts.
The company's adjusted FFO rose 8.8% to $1.49 per share, and it raised its 2026 guidance to $5.49-$5.57 per share. EPR offers a monthly dividend with an annualized yield of 6.2% and a lower payout ratio of 60% of AFFO. While EPR's theater exposure presents a risk, its diversified portfolio and investment spending forecast make it an attractive option for income investors.
Both REITs provide similar yields with unique characteristics, making them compelling choices for those seeking consistent income.
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