Dividend comparison
O vs VICI: Which Is Better for Income?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Realty Income Corporation and VICI Properties Inc., side by side. Updated October 21, 2026.
O vs VICI: key differences
The short answer, from the latest data on this page.
- Income. VICI pays more income, yielding 7.84% over the last twelve months versus 5.85% for O. That is about $199 more a year on $10,000. O pays monthly, VICI pays quarterly.
- Performance. Over the last 5 years, O returned 4.7% versus -4.7% for VICI, with dividends reinvested. $10,000 would have grown to $10,470 in O and $9,531 in VICI.
- Risk. Their worst declines over the last 5 years were similar: -34.5% for O and -32.7% for VICI from peak to trough.
- Dividend growth. VICI grew its yearly payout 6.7% a year over the last 4 years, versus 3.9% for O.
Bottom line: O fits better if you care most about stronger 5-year returns. VICI fits better if you care most about more income today and faster dividend growth.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | O Realty Income Corporation | VICI VICI Properties Inc. |
|---|---|---|
| Dividend yield (TTM) | 5.85% | 7.84% |
| Dividend / share (TTM) | $3.25 | $1.81 |
| Payout frequency | Monthly | Quarterly |
| Last dividend | $0.2715 on Oct 15, 2026 | $0.4600 on Oct 8, 2026 |
| Ex-dividend date | Oct 30, 2026 | Sep 17, 2026 |
| Next payment | $0.2715 on Nov 13, 2026 | — |
| Dividend growth (CAGR) | 3.9% over 4 yrs | 6.7% over 4 yrs |
| Price | $56.34 | $23.37 |
| Payout ratio (TTM) | 226.9% | 68.7% |
| Dividend growth streak | 30 years | 6 years |
| Beta | 0.70 | 0.67 |
| Max drawdown (5Y) | -34.5% | -32.7% |
| Market cap | $53.06B | $25.99B |
| Exchange | NYSE | NYSE |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
O
$48.71/mo
$585 /yr at 5.85% yield
VICI
$65.30/mo
$784 /yr at 7.84% yield
Dividend history
Total dividends paid per share in each calendar year. O pays monthly; VICI pays quarterly.
| Year | O | VICI |
|---|---|---|
| 2025 | $3.2170 | $1.7475 |
| 2024 | $3.1255 | $1.6775 |
| 2023 | $3.0510 | $1.5850 |
| 2022 | $2.9670 | $1.4700 |
| 2021 | $2.7557 | $1.3500 |
Strategy: Dividend stocks
Individual companies with long records of paying and raising dividends. Comparing two of them comes down to how safe the payout is, measured by the payout ratio and balance sheet, how fast it has grown, and what the business needs to keep earning it. A single stock carries company-specific risk that a fund spreads out.
A single company can cut or suspend its dividend, and one holding can fall far more than a diversified fund.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $10,470 in O and $9,531 in VICI.
| Period | O | VICI |
|---|---|---|
| 1 month | -0.07% | -1.48% |
| 3 months | -12.39% | -13.03% |
| Year to date | 3.97% | -16.89% |
| 1 year | -2.00% | -25.12% |
| 3 years | 33.54% | -5.15% |
| 5 years | 4.70% | -4.69% |
- O
- VICI
Both series indexed to 100 on 2021-10-20 using the adjusted closing price series. Past performance does not guarantee future results.
Quick verdict
O fits better if you care most about stronger 5-year returns. VICI fits better if you care most about more income today and faster dividend growth. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how O vs VICI fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is O or VICI better for dividend income?
It depends on your goals. O currently yields 5.85% Trailing Twelve Months (TTM) while VICI yields 7.84%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between O and VICI?
Realty Income Corporation (O) is a stock listed on NYSE. VICI Properties Inc. (VICI) is a stock listed on NYSE. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which has performed better, O or VICI?
Over the last 5 years, O has the higher total return with dividends reinvested: O returned 4.7% and VICI returned -4.7%. Past performance does not predict future returns.
Which is riskier, O or VICI?
Measured by the worst peak-to-trough decline over the last five years, O has been riskier: O fell as much as 34.5% and VICI as much as 32.7%. Their betas are 0.70 and 0.67.
How often do O and VICI pay dividends?
O pays monthly and VICI pays quarterly.
How much income does $10,000 in O vs VICI generate?
At current TTM yields, $10,000 in O would generate roughly $48.71 per month ($585 annually). The same amount in VICI would produce about $65.30 per month ($784 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both O and VICI?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare O vs VICI with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how O and VICI fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.
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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.