Entertainment is back! After nearly two summers of quarantining due to COVID-19, consumers are once again heading out to bars, restaurants, and other entertainment options. This has continued to boost the fortunes of those firms operating in the sector. That includes our latest Best High Yield Dividend Stocks Model Portfolio pick! Thanks to its operating niche, our pick has continued to see strong revenue and cash flow growth since the pandemic.
Our pick is one of the largest owners of casinos, gaming, and other entertainment properties in the country. That’s a key distinction in that it doesn’t run the operations; it just owns the buildings and land. This unique niche allows it to have strong cash flows no matter what happens in the casinos and allows it to avoid much of the risk with the gaming sector.
And now with consumers freely spending money on entertainment in the post-COVID-19 world, our pick has seen its star shine, with two years’ worth of dividend growth behind it. With leisure trends continuing, our pick has a long runway for continued shareholder rewards.
To make room for our new entertainment pick as well as increase the position of another retail real estate owner, we’ve been forced to remove a triple-net lease specialist from the portfolio.
You can check out the Best High Dividend Stocks Model Portfolio to explore all the stocks.
