Gaming & Leisure Properties

Five dividend stocks currently offer yields above 5% with strong cash-flow coverage, according to 24/7 Wall St. Gaming and Leisure Properties yields 7.3% after raising its quarterly dividend to 82 cents per share, supported by first-quarter AFFO of $1.02 per share and full-year guidance of $4.08 to $4.12. VICI Properties yields nearly 7% with a forward annualized dividend of $1.80, backed by 2026 AFFO guidance of $2.42 to $2.45 per share and an eighth consecutive annual dividend increase. W. P. Carey yields just over 5% after hiking its quarterly dividend to 94 cents, with 2026 AFFO guidance of $5.13 to $5.23 per share and 48% of leases linked to CPI. Enbridge yields just over 5% and marked its 31st straight annual dividend increase, supported by 2026 distributable cash flow guidance of C$5.70 to C$6.10 per share and a C$40 billion secured growth backlog. Getty Realty yields about 5.6% with 2026 AFFO guidance of $2.48 to $2.50 per share, comfortably covering its dividend, and enters the year with over $500 million in liquidity.

Citizens reaffirmed its Market Outperform rating on Gaming and Leisure Properties and kept a $55 price target. The firm cited a lack of formal market competition, solid deal pipelines, and robust balance sheets among casino REITs. Gaming and Leisure Properties reported first-quarter earnings per share of $0.82, up 6.49% from the expected $0.77, with revenue of $420 million. During the quarter, the REIT executed two major acquisitions totaling $727 million, buying Bally's Lincoln real estate assets and the land related to The Cordish Companies Live! Casino and Hotel Virginia.