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Got $200? 3 Top High-Yield Dividend Stocks to Buy Right Now

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The stock market has taken a little bit of a dip recently. The silver lining of sell-offs is that dividend yields rise when stock prices fall. Because of that, right now is a great time to lock in even higher yields on some top-notch dividend stocks.

Vici Properties (NYSE: VICI), Energy Transfer (NYSE: ET), and Brookfield Infrastructure (NYSE: BIPC)(NYSE: BIP) stand out as some of the top stocks to buy for income. They could turn a $200 investment into a pretty lucrative income stream:

Dividend Stock

Investment

Current Yield

Annual Dividend Income

Brookfield Infrastructure

$66.67

5.02%

$3.35

Energy Transfer

$66.67

7.15%

$4.77

Vici Properties

$66.67

5.47%

$3.65

Total

$200.00

5.88%

$11.76

Data source: Google Finance.

For comparison, investing $200 into an S&P 500 index fund would only yield about $2.70 of annual dividend income, given its much lower yield (1.35%).

Here's a look at what makes these three stocks such great options for income-seeking investors right now.

A great income experience

Vici Properties is a real estate investment trust (REIT) focused on investing in experiential real estate, such as market-leading casino, hospitality, wellness, entertainment, and leisure destinations. It leases these properties to operating companies under long-term triple net agreements (NNN). Those net leases provide it with very stable and growing rental income. Tenants cover all of a property's operating costs, including routine maintenance, real estate taxes, and building insurance. Meanwhile, the leases increasingly link rental rates with inflation (42% this year, rising to 90% by 2035).

The REIT's stable and growing rental income enables it to pay a high-yielding dividend (currently 5.5% after a 7.5% slide in the price from its recent peak). Vici Properties has increased its payout for seven straight years (every year since its formation). It has grown the dividend at a 7% compound annual rate, which is well above the 2% pace of its triple net lease peers.

Vici Properties' other dividend growth driver is its steadily expanding portfolio. The REIT routinely invests in new experiential real estate by acquiring properties and funding development projects.

A high-octane income stream

Energy Transfer is a master limited partnership (MLP) focused on owning energy midstream assets like pipelines, processing plants, storage terminals, and export facilities. These assets produce very stable cash flow backed by long-term contracts and government-regulated rate structures. That gives it the cash to pay a lucrative distribution that now yields 7.2% after a nearly 14% slump from its recent peak.