If I Could Put $10,000 Into Just 1 Dividend Grower in November, It'd Be This One
Vici Properties is still an evergreen income play for patient investors.
In November, one dividend stock that could potentially benefit from a $10,000 investment is Vici Properties (VICI). This experiential real estate investment trust (REIT) owns casinos, resorts, and other entertainment properties. After the Federal Reserve's first rate hike in three years, many dividend stocks saw a decline. However, Vici has been able to maintain its attractiveness with a 7.3% yield and a history of consistent dividend increases.
The REIT's triple-net lease structure allows tenants to cover their own maintenance, insurance, and property taxes, which has contributed to Vici's 100% occupancy rate since its 2018 IPO. By pegging most of its leases to the Consumer Price Index (CPI), Vici can raise rental rates to keep pace with inflation. In 2026, Vici expects its adjusted funds from operations (AFFO) per share to increase to $2.47-$2.48, covering its forward dividend of $1.84 per share at a 7.3% yield.
Despite facing challenges due to inflation and weak discretionary spending, Vici's top tenants, Caesars Entertainment and MGM Resorts, are in no danger of bankruptcy and will continue to pay Vici, ensuring a steady income stream for investors. Currently trading at $25, Vici's stock appears undervalued at 10 times its current AFFO per share, making it an appealing option for those looking to invest another $10,000.
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