VICI Properties Emerges as a Top Dividend Stock Amid Rate Cuts

Blue-chip dividend stocks, once overshadowed by soaring interest rates in 2022 and 2023, are regaining appeal as the Federal Reserve pivots toward monetary easing. Three rate cuts in 2024—with at least two more anticipated—have dulled the luster of CDs and Treasuries, sending income seekers back to high-yield equities. VICI Properties, a real estate investment trust specializing in casino and entertainment venues, stands out with its defensive moat and 4.5% portfolio weighting among savvy investors.

The REIT model thrives on predictable rental income, with mandates to distribute 90% of pre-tax earnings as dividends. VICI’s portfolio of experiential assets across North America offers insulation against economic downturns—gambling revenues historically prove resilient. Adjusted funds from operations, the sector’s profitability metric, underscore its capacity to sustain payouts even as markets flirt with record highs.