Caesars Entertainment Co., Ltd. (NASDAQ:CZR) is one of the world's largest operators in the gaming and hospitality industry, with more than 50 world-class resorts in the United States and Canada. Its family of brands includes Caesars Palace, Harrah's, Horseshoe, Silver Legacy, Circus Circus and Tropicana.
Caesars is a great way to invest in gaming, hospitality, and the burgeoning online sports betting sector, but it doesn't pay dividends, making it off-limits to dividend and profit investors.
However, there is a hack you can use to get a 5.6% dividend yield from Caesars. It is his investment in one of Caesars' largest landowners.
Here's how:
Do not miss it:
VICI properties
VICI properties (NYSE:VICI) owns and operates a portfolio of 93 experiential properties in the United States and Canada, including Caesars Palace Las Vegas, MGM Grand, and Venetian Resort Las Vegas, 54 gaming facilities, and 39 other facilities such as bowling alleys. I am managing it. And a golf course.
VICI currently pays a quarterly dividend of $0.415 per share, which equates to an annualized dividend of $1.66 per share, giving the stock a yield of approximately 5.6% at the time of writing.
VICI is also working hard to expand its dividend. The company has increased its dividend every year for the past five years, and is expected to increase its dividend for the sixth consecutive year in 2024.
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This article uses this hack to earn a 5.6% yield from Caesars Entertainment.
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