Here's the Smartest S&P 500 Dividend Stock to Buy With $1,000 Right Now -- and It's Sporting a 6.8% Dividend Yield
Not only is this company offering a fat dividend yield, but it has also been hiking that payout at a respectable clip.
Overview
You may not have heard of Vici Properties (NYSE: VICI), but it's an S&P 500 component and a dividend-paying stock -- with a recent whopping dividend yield of 6.8%. It's also worth your consideration for your long-term portfolio, whether you have $1,000, $100, or $100,000 to invest.
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First off, know that Vici Properties is a real estate investment trust (REIT), so it's required to pay out at least 90% of its taxable earnings as dividends. REITs generally specialize in one or more parts of the real estate market, such as shopping centers, apartments, or medical properties. Vici is focused on gaming, hospitality, wellness, and entertainment and leisure properties, with premier sites including Caesars Palace Las Vegas, MGM Grand, and the Venetian Resort Las Vegas.
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Source
Originally published at www.fool.com.