10 High Growth Dividend Paying Stocks To Invest In

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1. VICI Properties Inc. (NYSE:VICI)

5-Year Revenue Growth: 33.88%

An American real estate investment trust company, VICI Properties Inc. (NYSE:VICI) invests in casinos and other entertainment properties across the US and Canada. The company utilizes a net lease model, where tenants are responsible for most of the property-related costs. This benefits both parties: VICI reduces its expenses and minimizes risks associated with rising operating costs, while its casino tenants maintain operational control over key assets in their businesses.

For the fourth quarter of 2024, VICI Properties Inc. (NYSE:VICI) reported a 4.7% increase in revenue, totaling $976 million. However, net income available to common stockholders declined by 17.8% year-over-year to $614.6 million, with earnings per share falling 19.2% to $0.58. This decrease was largely due to changes in the CECL allowance for the quarter ending December 31, 2024. Additionally, the company entered into a new partnership with Indigenous Gaming Partners (IGP) as part of IGP’s acquisition of PURE Canadian Gaming’s assets, which included amendments to the existing master lease.

On March 6, VICI Properties Inc. (NYSE:VICI) declared a quarterly dividend of $0.4325 per share, maintaining the same payout as previous quarters. This marks another year of dividend increases since its IPO in 2018. The company’s strong cash position supports this growth, with $524.6 million in cash and cash equivalents at the end of FY24. In Q4 2024, it returned $456.7 million to shareholders through dividends. The stock supports a dividend yield of 5.82%, as of April 8.

Overall, VICI Properties Inc. (NYSE:VICI) ranks first on our list of the best high growth stocks that pay dividends. While we acknowledge the potential of VICI as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than VICI but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the dirt cheap dividend stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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