Looking to earn a solid 5.6% dividend yield from Caesars Entertainment without them actually paying a dividend? Consider investing in VICI Properties (NYSE:VICI), one of the major landlords for Caesars. VICI Properties boasts a diverse portfolio of experiential assets, including top gaming properties like Caesars Palace Las Vegas, MGM Grand, and the Venetian Resort Las Vegas.
As of March 12, 2024, VICI Properties pays out a quarterly dividend of $0.415 per share, totaling $1.66 annually, giving investors a juicy 5.6% yield. By putting your money into VICI Properties, you can indirectly profit from the revenue generated by Caesars Entertainment’s properties while enjoying a steady stream of income through dividends.
This clever investment strategy allows you to tap into the growth potential of the gaming and hospitality industry through a unique channel. By leveraging the stability and income potential of real estate investments tied to Caesars Entertainment’s success, you can generate income creatively from a company that typically doesn’t pay out dividends.
CZR Stock Price Declines on March 12, 2024, Trading Near 52-Week Low
On March 12, 2024, CZR stock experienced a slight decrease in its price, trading near the bottom of its 52-week range and below its 200-day simple moving average. The stock opened at $42.60, $0.03 lower than its previous close, and saw a decrease of $0.04, or 0.09%, since the market last closed.
CZR Stock Performance Analysis: Revenue Fluctuations and Net Income Growth in 2024
On March 12, 2024, CZR stock experienced some fluctuations in its performance based on the data provided by CNN Money. The total revenue for the company stood at $11.53 billion for the past year, showing a 6.53% increase compared to the previous year. However, in the fourth quarter of the same year, the total revenue dropped to $2.83 billion, marking a 5.64% decrease from the previous quarter.
Despite the decrease in total revenue in the last quarter, CZR managed to increase its net income significantly. The net income for the past year was $786.00 million, which is a remarkable 187.43% increase compared to the previous year. In the fourth quarter, CZR reported a net income of -$72.00 million, which showed no change from the previous quarter.
Earnings per share (EPS) also saw a positive trend for CZR. The EPS for the past year was $3.64, representing an increase of 186.62% compared to the previous year. In the last quarter, the EPS was -$0.33, showing no change from the previous quarter.
Investors should closely monitor CZR’s financial reports and market trends to make informed decisions regarding their investments in the company.
