If You Invested $1,000 In VICI Properties 3 Years Ago, Here's How Much You'd be Making in Dividends Now

One of the fastest-growing, and perhaps most promising, real estate investment trusts (REITs) right now is VICI Properties Inc. VICI, which is being added to the S&P 500 index this week. The company recently acquired The Venetian Las Vegas and its closest competitor in the gaming space, MGM Growth Properties.

Analysts currently have VICI Properties rated as a buy, with a consensus price target of $37 per share. Goldman Sachs GS recently increased its price target for VICI from $35 to $39.

In addition to the upside potential on its share price, the REIT has also maintained an attractive dividend yield. VICI’s dividend rate has increased by over 25% in the past three years and currently has a forward yield of 4.59%.

Hear VICI's CEO, Ed Pitoniak, on the Lazy Landlord podcast. 

How much would you be receiving in dividend income now if you invested $1,000 in VICI Properties three years ago?

VICI’s share price opened at $22.57 on June 7, 2019, meaning you could have purchased 44.3 shares for $1,000. You would have received your first dividend of $0.2875 per share for a total payment of $12.74 on July 12, 2019, and earned a yield of 5.23% during the first 12 months you owned the stock.

With the REIT’s most recent dividend of 36 cents per share, your quarterly dividend payments would now be $15.95 for a forward yield of 6.4% on your original investment.

Investing in VICI Properties three years ago would have resulted in a gain of $453.48 plus a total of $171.77 in dividends for a 62.5% total return and a compound annual return of 17.6%.

Reinvesting the dividends each quarter over the past three years would have proven to be even more profitable.

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By reinvesting your dividends, you could have accumulated an additional 7.5 shares. This would bring your quarterly dividend payments to $18.65 for a forward yield of 7.46%.

You would now own 51.8 shares of VICI Properties with a total value of 1,699.56, bringing your total return to 69.96% and your compound annual return to 19.34%.

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