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Why I Continue Rolling The Dice And Buying More Of This 5.7%-yielding Dividend Stock In My Retirement Account
I'm betting my retirement on dividend stocks. That's actually a pretty low-risk wager, given the data on dividend stocks over the decades. They've outperformed non-payers by more than two-to-one (a 9.2% average annual return over the last 50 years compared to 4.3% for non-payers, according to data from Ned Davis Research and Hartford Funds).
One dividend stock I'm loading up on is Vici Properties (NYSE: VICI). The real estate investment trust (REIT), which is focused on gaming and other experiential properties, currently pays a 5.6%-yielding dividend. I believe the REIT represents a low-risk bet because it should pay a steadily rising dividend, helping me continue to grow the value of my retirement account. That's why I just bought more shares and plan to continue adding to my position in the future.
Vici Properties has one of the largest portfolios of gaming, hospitality, wellness, entertainment, and leisure destinations in the world. The REIT owns some of the most iconic casinos on the Las Vegas Strip, including Caesars Palace Las Vegas and the Venetian Resort Las Vegas. In addition to gaming properties, it owns other experiential properties, like bowling entertainment centers and Chelsea Piers in New York City. The REIT also has financing partnerships with several leading operators in the experiential sector, including Cabot, Great Wolf Resorts, and Lucky Strike Entertainment.
