VICI Properties Inc. (NYSE: VICI), a leading real estate investment trust (REIT), has just made an exciting announcement that is sure to please its investors. The company's Board of Directors has declared a regular quarterly cash dividend for the third quarter of 2023, and it comes with a significant increase.

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Dividend Boost

Investors in VICI Properties can look forward to a more substantial return on their investments. The company has declared a regular quarterly cash dividend of $0.415 per share of common stock for the period from July 1, 2023, to September 30, 2023. This represents a noteworthy 6.4% increase from the previous dividend rate, providing shareholders with even more reason to smile.

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Annualized Payout

On an annualized basis, this dividend increase means that shareholders will now receive $1.66 per share of common stock. For income-focused investors, this boost in dividend payments can provide a more attractive and stable source of income. VICI Properties' commitment to enhancing shareholder value is evident in this significant step.

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Payment Details

Mark your calendars because the dividend will be payable on October 5, 2023. To be eligible for this upcoming dividend, investors must be stockholders of record as of the close of business on September 21, 2023. This clear timeline ensures that investors can plan accordingly and anticipate the added income.

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VICI Properties' decision to increase its dividend rate by 6.4% for the third quarter of 2023 is a positive development for its shareholders. With an annualized payout of $1.66 per share, this move reflects the company's dedication to rewarding its investors and providing them with a reliable source of income. As the dividend payment date approaches, investors can eagerly await the financial benefits of this announcement.