11 Cheap Quarterly Dividend Stocks to Buy Right Now

4. VICI Properties Inc. (NYSE:VICI)

Forward P/E as of September 23: 10.87

VICI Properties Inc. (NYSE:VICI) is an American real estate investment trust company that focuses on investing in premier casino, hospitality, wellness, entertainment, and leisure destinations. Its portfolio is largely structured around triple-net leases (NNN) with very long terms, averaging 40 years. Under this arrangement, tenants are responsible for all property-related costs, including maintenance, taxes, and insurance.

Many of these leases include rent escalation provisions tied to inflation, covering 42% of leases this year and expected to reach 90% by 2035. This setup allows VICI Properties Inc. (NYSE:VICI) to generate highly reliable and steadily increasing rental income, with same-store rents rising by an average of 1.7% this year.

On September 4, VICI Properties Inc. (NYSE:VICI) declared a 4% hike in its quarterly dividend to $0.45 per share. Through this increase, the company stretched its dividend growth streak to eight years, which makes VICI one of the best cheap quarterly dividend stocks. The stock supports a dividend yield of 5.64%, as of September 23.