- Pays: quarterly — $0.45 per share ($1.80 a year).
- Paying since: 2018 — and raised every September since: the September 2025 increase from $0.4325 to $0.45 was the 8th consecutive annual raise.
- What it is: an S&P 500 experiential net-lease REIT owning 93 gaming and entertainment properties — Caesars Palace, MGM Grand, the Venetian — under long-term triple-net leases with built-in escalators.
- Why it grows: tenants pay taxes, insurance and maintenance; leases run decades with rent bumps tied to CPI — a landlord model with almost no operating risk and contractual growth.
- The watch item: the next raise, if any, arrives with the September 2026 declaration.
Concentration is the honest caveat: a handful of casino operators are the tenants, and gaming is a regulated, cyclical industry. The leases are the longest in REIT-land, which is why the dividend has been the steadiest.
VICI pays quarterly. Each point below is one dividend since 2018 — a staircase with a step every September.
Loading the latest data…
Each point is one payment; the line ends at the most recent payout. The table below totals them by year.
- Trailing 12 months: $1.80 per share across 4 payments — up 4% from $1.73 in the 12 months before. What a change like that does to your income →
- Current pace: recent payments annualize to $1.77 — 2% below the trailing figure. When those two disagree, the trailing yield is quoting the past. Live cut & raise board →
- Share price, same 12 months: down 24% (dividends excluded) — income and principal are one story. Erosion Index →
- Record: 34 payments over 8 years; the largest single payment was $0.45 (Sep 2025).
- Payment drops ≥20% below trend, last 24 months: none. Get one short email if that changes →
Every figure above is computed from VICI's actual payment record and share-price history as of the date shown — not copied from a fact sheet. Recomputed regularly; the chart above always shows the live data.
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| Recent Ex-Dividend Dates | Dividend / Share |
|---|
"Next expected" is estimated from VICI's recent payment rhythm — the fund announces exact dates shortly before each payout, and the data feed can lag a few days. You must own shares before the ex-dividend date to receive that payout; the cash typically arrives days later. See every fund's upcoming date on the live dividend calendar.
A real total-return estimate, assuming every payout was reinvested — including what happened to the share price. Before taxes and fees. Past performance does not predict the future.
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These are assumptions, not a prediction. Want the full chart and tax options? Open the full calculator →
This is the slow snowball in its purest REIT form: own irreplaceable properties, lease them for decades with annual escalators, raise the dividend every year with the rent. VICI has done exactly that since its first full year public. The chart doesn't spike and doesn't sag; it steps.
Compare it against the other net-lease growers — Realty Income's monthly record and W. P. Carey's post-reset raises — on the compare tool, and run the reinvestment math on the estimator above.
| Year | Total Dividends / Share | Payments | Change vs Prior Year |
|---|
Data source: Yahoo Finance. Figures are per share; the current year may be partial and figures should be verified against official sources.
Calculated from complete calendar years in the data above. Past results don't guarantee future payments.
When Is VICI's Next Ex-Dividend Date?
VICI pays quarterly. The exact date of each payout is announced by the fund only shortly beforehand, so no site can promise the next date — but the live schedule box above shows the most recent ex-dividend date and the expected window for the next one, computed from VICI's actual payment rhythm. Remember: you must own shares before the ex-dividend date to receive that payout.
Eight Years, Eight Raises
VICI spun out of Caesars in 2017, listed in 2018, and has increased its dividend every September since. The chart above shows each step; the year-by-year table shows income per share growing every single year — the definition of a dividend-growth record, achieved in a sector known for cuts.
Why Net Lease Compounds
A triple-net landlord's income is almost entirely contractual: long leases, tenants bearing the operating costs, rent escalators indexed to inflation. Growth comes from those escalators plus acquisitions funded at spreads above the cost of capital. VICI added scale quickly — the MGM Growth Properties deal made it an S&P 500 company — and the dividend tracked the rent roll.
Where VICI Fits
As the cleanest dividend-growth record among the REITs we track — the 'slow snowball' counterpoint to the option-income funds' fast payouts. Beside O and WPC, it's the core of a net-lease income sleeve. Next expected date on the live calendar.
How to Choose Dividend Stocks
Yield traps, coverage, and the difference between paid-to-wait and paid-to-shrink — in plain English.
Read: How to Choose Dividend Stocks