5 Growing Dividend Stocks with Low PE Ratios

3. VICI Properties Inc. (NYSE:VICI)

5-Year Average Annual Revenue Growth Rate: 39.20%
Forward P/E Ratio as of August 11: 12.20

VICI Properties Inc. (NYSE:VICI) is an American real estate investment trust company that specializes in casino properties. The company initiated its dividend policy in 2018 and has raised its payout every year since then, which makes it one of the best dividend stocks on our list. It currently pays a quarterly dividend of $0.39 per share and has a dividend yield of 5.05%, as of August 11.

In the second quarter of 2023, VICI Properties Inc. (NYSE:VICI)’s revenue showed a 35.6% year-over-year growth at $898 million. The company’s sales in the past five years also remained stable, growing at an annual average rate of 39.20%.

At the end of Q1 2023, 39 hedge funds in Insider Monkey’s database reported having stakes in VICI Properties Inc. (NYSE:VICI), worth collectively over $901 million.