VICI Properties Inc. Declares Regular Quarterly Dividend

Rhea-AI Summary

VICI Properties announced that its Board of Directors has declared a regular quarterly cash dividend of $0.415 per share for the period from April 1, 2024, to June 30, 2024.

The dividend will be payable on July 3, 2024, to stockholders who are on record as of June 18, 2024.

Positive

• Regular quarterly cash dividend declared, providing consistent returns to shareholders.
• Dividend amount of $0.415 per share maintains investor confidence by offering predictable income.

Negative

• No information provided about revenue or earnings, potential concerns over financial health.
• Lack of new business developments or strategic initiatives to drive growth.

NEW YORK--(BUSINESS WIRE)-- VICI Properties Inc. (NYSE: VICI) (“VICI Properties”) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.415 per share of common stock for the period from April 1, 2024 to June 30, 2024. The dividend will be payable on July 3, 2024 to stockholders of record as of the close of business on June 18, 2024.

About VICI Properties

VICI Properties Inc. is an S&P 500® experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip. VICI Properties owns 93 experiential assets across a geographically diverse portfolio consisting of 54 gaming properties and 39 other experiential properties across the United States and Canada. The portfolio is comprised of approximately 127 million square feet and features approximately 60,300 hotel rooms and over 500 restaurants, bars, nightclubs and sportsbooks. Its properties are occupied by industry-leading gaming, leisure and hospitality operators under long-term, triple-net lease agreements. VICI Properties has a growing array of real estate and financing partnerships with leading operators in other experiential sectors, including Bowlero, Cabot, Canyon Ranch, Chelsea Piers, Great Wolf Resorts, Homefield and Kalahari Resorts. VICI Properties also owns four championship golf courses and 33 acres of undeveloped and underdeveloped land adjacent to the Las Vegas Strip. VICI Properties’ goal is to create the highest quality and most productive experiential real estate portfolio through a strategy of partnering with the highest quality experiential place makers and operators. For additional information, please visit www.viciproperties.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. You can identify these statements by our use of the words “assumes,” “believes,” “estimates,” “expects,” “guidance,” “intends,” “plans,” “projects,” “will,” and similar expressions that do not relate to historical matters. All statements other than statements of historical fact are forward-looking statements. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties, and other factors which are, in some cases, beyond VICI’s control and could materially affect actual results, performance, or achievements. Important risk factors that may affect VICI’s business, results of operations and financial position are detailed from time to time in VICI’s filings with the Securities and Exchange Commission. VICI does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as may be required by applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240607890385/en/

Investor:

Investors@viciproperties.com

(646) 949-4631



Or



David Kieske

EVP, Chief Financial Officer

DKieske@viciproperties.com



Moira McCloskey

SVP, Capital Markets

MMcCloskey@viciproperties.com

Source: VICI Properties Inc.

FAQ

What is the dividend amount per share announced by VICI Properties?

VICI Properties announced a regular quarterly dividend of $0.415 per share.

When will VICI Properties' declared dividend be paid?

The dividend will be payable on July 3, 2024.

What is the record date for VICI Properties' dividend?

The record date for the dividend is June 18, 2024.

For which period is VICI Properties' declared dividend applicable?

The dividend is for the period from April 1, 2024, to June 30, 2024.

What symbol does VICI Properties trade under?

VICI Properties trades under the symbol 'VICI' on the NYSE.