Portfolio Adjustment - The company sold Organon after it cut its dividend and the stock price declined [1][2] - The company bought VICI Properties, a triple net lease REIT specializing in gaming and casino properties [1][3][4] VICI Properties Investment Rationale - VICI Properties owns 93 properties, including 54 casinos such as the Venetian and Mandalay Bay, and 39 experiential properties [4] - VICI Properties has a strong management team [4] - VICI Properties offers a 53% dividend yield and an expected 3% FFO growth [5] - VICI Properties' rent escalators are tied to CPI, potentially benefiting from rising inflation [5] - VICI Properties' tenants (e g MGN and Caesars) ensure 100% occupancy and rent collection, even during the pandemic [6] - The investment in VICI Properties is expected to generate a 9-10% annualized return [7] - VICI Properties is considered a compelling investment in a lower growth environment [8]

Group 1: Oneok - Oneok operates a large and integrated energy infrastructure platform, generating stable cash flow with approximately 90% of its revenue from fee-based contracts [3] - The company has delivered over 25 years of dividend stability and growth, raising its dividend by more than 1,200% since 2000 [3] - Recent acquisitions, including the $18.8 billion purchase of Magellan Midstream Partners, are expected to fuel earnings growth through 2027 [4][5] - Oneok anticipates annual dividend growth of 3% to 4% in the coming years due to ongoing expansion projects and merger synergies [5] Group 2: Verizon - Verizon's mobile and broadband businesses generate significant recurring revenue, allowing for investment in 5G and fiber networks while maintaining a high-yielding dividend [6] - The company expects to generate $17.5 billion to $18.5 billion in free cash flow this year, covering its annual dividend cost of over $11 billion [6] - Verizon's acquisition of Frontier Communications for $20 billion, expected to close in 2026, will enhance its fiber operations and generate over $500 million in annual cost savings [7] - The company has delivered its 18th consecutive annual dividend increase, the longest current streak in the U.S. telecom sector [8] Group 3: Vici Properties - Vici Properties is a REIT focused on gaming, hospitality, and entertainment, leasing properties under long-term, triple net agreements, providing stable cash flow [9] - The REIT pays out about 75% of its stable cash flow in dividends and retains the rest for portfolio growth [10] - Vici Properties has raised its dividend every year since its formation, achieving a 7.4% compound annual growth rate, outperforming its peers [11] Group 4: Investment Opportunity - Investing in high-quality, high-yielding dividend stocks like Oneok, Verizon, and Vici Properties can generate a meaningful and growing stream of dividend income [12]

Core Viewpoint - VICI Properties Inc. is set to announce its financial results on July 30, 2025, with expectations of growth in both earnings per share (EPS) and revenue compared to the previous year [2][3]. Financial Performance - The company closed the most recent trading day at $32.98, reflecting a daily increase of 1.17%, outperforming the S&P 500's loss of 0.11% [1]. - Over the last month, VICI's shares increased by 2.61%, lagging behind the Finance sector's gain of 3.03% and the S&P 500's gain of 5.17% [1]. - The upcoming earnings report is projected to show an EPS of $0.59, indicating a growth of 3.51% year-over-year, with quarterly revenue expected to reach $995.46 million, up 4.02% from the same period last year [2]. Annual Estimates - For the entire fiscal year, earnings are projected at $2.35 per share and revenue at $3.98 billion, representing increases of 3.98% and 3.5% respectively from the prior year [3]. - Recent changes in analyst estimates indicate a positive outlook for VICI, reflecting analysts' confidence in the company's performance and profit potential [3]. Valuation Metrics - VICI Properties Inc. has a Forward P/E ratio of 13.9, which is higher than the industry average of 11.47, suggesting that the company is trading at a premium [6]. - The company has a PEG ratio of 3.02, compared to the industry average of 2.39, indicating a higher valuation relative to expected earnings growth [7]. Industry Context - The REIT and Equity Trust - Other industry, which includes VICI, has a Zacks Industry Rank of 96, placing it in the top 39% of over 250 industries [7]. - The Zacks Rank system, which assesses stocks based on estimate changes, currently ranks VICI as 2 (Buy), reflecting a positive investment outlook [5].

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on VICI Properties Inc. (VICI), and suggests that while the average brokerage recommendation (ABR) indicates a strong buy, investors should be cautious and validate this information with other tools like the Zacks Rank [1][5][10]. Summary by Sections Brokerage Recommendations - VICI Properties has an average brokerage recommendation (ABR) of 1.32, indicating a position between Strong Buy and Buy, based on recommendations from 22 brokerage firms [2]. - Out of the 22 recommendations, 18 are Strong Buy and 1 is Buy, which accounts for 81.8% and 4.6% of all recommendations respectively [2]. Limitations of Brokerage Recommendations - Solely relying on brokerage recommendations may not be advisable, as studies show they often fail to guide investors effectively towards stocks with high price appreciation potential [5]. - Brokerage firms tend to exhibit a positive bias in their ratings due to vested interests, leading to a disproportionate number of favorable ratings compared to negative ones [6][10]. Zacks Rank as an Alternative - The Zacks Rank is presented as a more reliable tool for predicting stock price movements, categorizing stocks from Zacks Rank 1 (Strong Buy) to Zacks Rank 5 (Strong Sell) based on earnings estimate revisions [8][11]. - The Zacks Rank is updated more frequently than the ABR, reflecting timely changes in earnings estimates, which are strongly correlated with near-term stock price movements [12]. Current Outlook for VICI Properties - The Zacks Consensus Estimate for VICI Properties has increased by 0.2% over the past month to $2.35, indicating growing optimism among analysts regarding the company's earnings prospects [13]. - The recent change in consensus estimates, along with other factors, has resulted in a Zacks Rank 2 (Buy) for VICI Properties, suggesting that the Buy-equivalent ABR may be a useful guide for investors [14].

Group 1: PepsiCo - PepsiCo's dividend yield is approaching 4.5%, significantly higher than the S&P 500's yield of less than 1.5%, marking its highest level this decade [4] - The company has a strong history of dividend payments, recently increasing its dividend by 5%, extending its growth streak to 53 consecutive years, with a 7.5% compound annual growth rate over the past 15 years [5] - PepsiCo's robust portfolio generates substantial cash flow, allowing for investments in product innovation and capacity expansions, with expected revenue growth of 4%-6% annually and high-single-digit earnings per share growth [6] - The company has made strategic acquisitions to enhance its portfolio, focusing on healthier options, which positions it for long-term growth and continued dividend increases [7] Group 2: Vici Properties - Vici Properties offers a dividend yield over 5%, supported by a stable and growing rental income stream from its extensive portfolio of gaming and entertainment properties [8] - The REIT owns 54 gaming properties and has a significant number of long-term triple net leases, with 42% of leases tied to inflation, expected to rise to 90% by 2035, ensuring stable rental income [9][10] - Vici pays out approximately 75% of its cash flow in dividends while maintaining an investment-grade balance sheet, allowing for further investments in income-generating real estate [11] - The company has consistently raised its dividend since its formation, achieving a 7.4% compound annual growth rate, outperforming its peers in the NNN REIT sector [12] Group 3: Investment Outlook - Both PepsiCo and Vici Properties are identified as strong candidates for passive income investments due to their high-yielding dividends and solid financial profiles, with a track record of consistent dividend growth [13]

Investor Presentation DISCLAIMERS Forward Looking Statements Non‐GAAP Financial Measures This presentation includes reference to Funds From Operations ("FFO"), FFO per share, Adjusted Funds From Operations ("AFFO"), AFFO per share, and Adjusted EBITDA, which are not required by, or presented in accordance with, generally accepted accounting principles in the United States ("GAAP"). These are non-GAAP financial measures and should not be construed as alternatives to net income or as an indicator of operating ...

Core Insights - Earnings growth is crucial for organizational survival and profitability, influencing share prices significantly [1][2] - Companies like Agnico Eagle Mines Limited (AEM), AptarGroup, Inc. (ATR), and VICI Properties Inc. (VICI) are showcasing strong earnings growth [1][8] Earnings Estimates & Share Price Movements - Stock prices may decline despite earnings growth if they fail to meet market expectations, often followed by price rallies after earnings declines [2] - Earnings estimates are influenced by sales growth, product demand, competitive environment, profit margins, and cost control, serving as a valuable tool for investment decisions [3] Investment Strategies - Investors should focus on stocks with a history of earnings growth and rising quarterly and annual earnings estimates [4] - Screening measures include Zacks Rank, historical EPS growth, and recent estimate revisions to identify stocks with strong earnings growth potential [5][6][7] Company Highlights - **Agnico Eagle Mines**: Expected earnings growth rate of 43% for the current year, Zacks Rank 2 (Buy) [7][8] - **AptarGroup**: Expected earnings growth rate of 4.1% for the current year, Zacks Rank 1 (Strong Buy) [9][8] - **VICI Properties**: Expected earnings growth rate of 4% for the current year, Zacks Rank 2 (Buy) [10][8]

Core Viewpoint - Generating high dividend income requires careful selection of stocks to avoid potential cuts or suspensions in dividend payments, emphasizing the importance of analyzing a company's financial health and future prospects. Group 1: Verizon Communications - Verizon offers a dividend yield of 6.4%, which is considered safe despite a modest share price increase of around 7% over the past year [4][5] - The company's payout ratio stands at a sustainable 64% of its earnings, and it has increased its dividend for 18 consecutive years, with a 23% increase in its quarterly dividend over the past decade [5] - Verizon is projected to generate free cash flow of at least $17.5 billion this year, exceeding its annual dividend payout of approximately $11.3 billion, making it an attractive dividend stock [6] Group 2: United Parcel Service (UPS) - UPS provides a slightly higher dividend yield of 6.5%, with an expected annual dividend income of $715 from an $11,000 investment [8] - The stock has seen a 20% decline in share price since the beginning of the year, which has increased its yield, presenting a favorable buying opportunity [9] - UPS's payout ratio is around 100%, and it generated $5.4 billion in free cash flow over the past year, indicating tight margins but ongoing efforts to cut costs, including a layoff of 20,000 workers [9][11] Group 3: Vici Properties - Vici Properties, a REIT, has a dividend yield of 5.4%, with an annual dividend income of approximately $594 from an $11,000 investment [12] - The company's funds from operations (FFO) per share for the first three months of 2025 was $0.51, which exceeds its current quarterly dividend of $0.4325, indicating a safe payout [13] - Vici's portfolio includes major gaming destinations, providing a stable income stream, and it trades at 13 times its trailing earnings, making it a modestly priced investment [14]

Core Viewpoint - Higher-yielding dividend stocks can provide significant passive income, with several low-risk options yielding above 5%, which is more than triple the S&P 500's sub-1.5% yield [1] Company Summaries Enterprise Products Partners - Enterprise Products Partners (EPD) currently yields 6.7% and has a stable cash flow profile supported by long-term, fixed-rate contracts and government-regulated rate structures [3] - The company has increased its distribution for 26 consecutive years and has $7.6 billion in major capital projects expected to enter commercial service by the end of next year, which will further support its high-yielding payout [4] Enbridge - Enbridge yields 5.8% and has predictable cash flow backed by cost-of-service agreements and long-term, fixed-fee contracts, securing 98% of its annual earnings [5] - The company pays out 60% to 70% of its cash flow in dividends and has a strong investment-grade balance sheet, allowing for significant investments in expansion projects [6] NNN REIT - NNN REIT has a 5.5% dividend yield, focusing on single-tenant retail properties with long-term, triple-net leases that provide stable cash flow [7] - The REIT expects to generate $200 million in post-dividend free cash flow this year and has a conservative balance sheet, enabling it to invest in new income-generating properties [8] Verizon - Verizon offers a 6.3% dividend yield, generating $36.9 billion in cash flow from operations last year, which comfortably covered its capital expenditures and dividend payments [9] - The company is acquiring Frontier Communications for $20 billion to enhance its fiber network, supporting future cash flow growth and enabling continued dividend increases [10] Vici Properties - Vici Properties has a 5.4% dividend yield, backed by a high-quality real estate portfolio in gaming, hospitality, and entertainment, with long-term NNN leases [11] - The REIT pays out 75% of its stable income in dividends and has raised its dividend every year since its formation, achieving a 7.4% compound annual growth rate [12] Conclusion - The highlighted companies—Enterprise Products Partners, Enbridge, NNN REIT, Verizon, and Vici Properties—demonstrate strong financial profiles and stable cash flows, supporting their high dividend yields and consistent increases in payouts, making them attractive options for passive income [13]

Core Viewpoint - VICI Properties Inc. has demonstrated strong stock performance with a year-to-date gain of 12.7%, surpassing both the Zacks REIT and Equity Trust - Other industry growth of 5.5% and the S&P 500 composite's 2.8% increase [1] Financial Performance - In Q1 2025, VICI reported continued benefits from expansion efforts and strategic investments, including a $510 million development fund agreement for the North Fork Mono Casino & Resort [2] - The company has a solid dividend yield of 5.5% and has achieved a 7.4% compounded annualized dividend growth rate since 2018, outperforming many peers [7][8] - VICI's adjusted EBITDA has expanded by 365% since its inception in 2017, indicating significant growth beyond gaming properties [12] Portfolio and Stability - VICI owns a diverse portfolio of 54 gaming and 39 experiential assets across the U.S. and Canada, secured by long-term triple-net leases with an average lease term of 40.7 years and a 100% occupancy rate [10] - The company expects a rent toll of 42% with CPI-linked escalation in 2025, projected to rise to 90% by 2035, enhancing revenue growth in inflationary environments [11] - 74% of VICI's rent roll comes from S&P 500 tenants, contributing to income stability and creditworthiness [11] Valuation and Market Position - VICI Properties is trading at a forward 12-month price-to-FFO of 13.68X, below the REIT-Other industry average of 15.73X, indicating a potentially undervalued position [19] - The stock is considered appealing for investment due to its compelling dividend payout, high-quality portfolio, and disciplined expansion strategy [22][23]