~6.4% starting yield with ~5.3% projected AFO growth.
VICI looks like an interesting dividend opportunity because projected AFO-per-share growth plus a ~6.4% starting yield can sustain dividend growth.
Vichy (VICI) has a starting dividend yield close to 6.4% and the projected 2026 to 2029 AFO per share CAGR is about 5.3%. With a 2025 payout ratio sitting at 74.37%, the dividend could keep growing even if payout ratio stays flat. Key risk is concerns tied to Las Vegas real estate where most holdings sit.
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