Warmer weather is here, and consumers are ready to get out of the house and take summer vacation. Despite inflationary and economic pressures, spending on experiences continues to rise. For discretionary stocks that focus on real-life adventures vs. items, these are halcyon days. Just ask our newest Best High-Yield Dividend Stocks Model Portfolio pick. Rising sales for the firm have led to a record quarter and a recent special dividend payout!
You can check out the Best High Dividend Stocks Model Portfolio to explore all the stocks.
Our pick operates in the gaming sector. However, it doesn’t actually operate the casinos, racetracks or the resorts – it simply owns the real estate and collects a rent check from those who do run the operations, which creates a different set of risks/rewards for our pick. And with plenty of extra cash flow tied to sales boosts, our pick has feasted in the new experience-focused environment.
What’s also great is that the firm has plenty of room to grow. Our pick has decided to focus on gambling markets outside of Las Vegas, NV. Plenty of other states have allowed gambling to boost their tax revenues. This fragmented market is ripe for our pick to swoop in and add properties to its portfolio. Many of these states have also been quick to add sports betting as well, adding additional revenue potential for our pick.
All in all, our pick represents a stealth play on rising gaming revenues.
In order to make room for our pick, we’ve been forced to remove a diversified real estate firm from the portfolio.
