70% of This High-Yield Dividend Stock's Income Comes From Just 2 Companies. Here's Why I'm Not Worried.
Vici Properties doesn't own commodity real estate leased to weak tenants.
Overview
VICI Properties (NYSE: VICI) currently owns 103 properties leased to 16 tenants, which underpins its 7%-yielding dividend. However, its top tenant accounts for 38% of its rent, while its next-largest tenant accounts for another 32%. That's 70% of its rent coming from just two tenants.
Despite that tenant concentration, I'm not worried about the real estate investment trust's (REIT) high-yielding dividend. Here's why.
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Originally published at www.fool.com.
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