8 Most Profitable Dividend Stocks To Buy Now

1. VICI Properties Inc. (NYSE:VICI)

Net Profit Margin: 70.70%

VICI Properties Inc. (NYSE:VICI) is a New York-based real estate investment trust company that mainly invests in casinos and entertainment properties across the US and Canada. On March 6, the company declared a quarterly dividend of $0.4325 per share, which was in line with its previous dividend. It has been raising its payouts every year since its IPO in 2018. This dividend growth streak is supported by a strong cash position. At the end of FY24, the company had $524.6 million available in cash and cash equivalents. It also returned $456.7 million to shareholders in dividends in Q4 2024. As of April 6, the stock has a dividend yield of 5.66%.

In the fourth quarter of 2024, VICI Properties Inc. (NYSE:VICI) reported revenues of $976 million, a 4.7% increase from the previous year. However, net income available to common stockholders fell by 17.8% year-over-year, totaling $614.6 million, and earnings per share dropped 19.2% to $0.58. This decline was mainly due to changes in the CECL allowance for the quarter ending December 31, 2024. Additionally, the company formed a new partnership with Indigenous Gaming Partners (IGP) as part of IGP’s acquisition of PURE Canadian Gaming’s operating assets, which also involved an amendment to the existing master lease for these properties.

On February 19, VICI Properties Inc. (NYSE:VICI) announced a strategic partnership with Cain International and Eldridge Industries, starting with a $300 million investment by VICI in a mezzanine loan for the development of the prestigious 17.5-acre mixed-use project, ‘One Beverly Hills’.

Overall, VICI Properties Inc. (NYSE:VICI) ranks first on our list of the best dividend stocks from the regional banking sector. 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.

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