Ep. 93: Buying What Wall Street Abandoned — Dividend Bargains, Monthly Income, and a Media Breakup

5 income/dividend sources on buying what Wall Street abandoned, value vs trap. (1) Our VICI piece: triple-net casino REIT, $27.18 near 52-wk low, 6.55% yield from a lower price not a strained payout, judge on AFFO/FFO not EPS, distributions +3.9% TTM rising since 2019, tenant-concentration (Caesars/MGM sales) the one risk. (2) Realty Income (O): monthly net-lease aristocrat, ~5.3% yield vs S&P ~1.1%, 15,500+ properties, Q1 AFFO/sh +6.6% to $1.13, FY guide raised to $4.41-4.44, occupancy 98.9%, 73% AFFO payout, 31-yr streak (135th raise since 1994). (3) Nike (NKE): $11B dividend king down 33% YTD at $41.82, 24th yr of raises, $0.41/qtr, $18B buyback, beat 4 straight (Q3 EPS $0.35 vs $0.28), insiders (Hill, Cook) buying ~$42, China -7%/tariffs the risk, analyst target $58.72 — value or trap. (4) SPYD: 80 highest-yielding S&P names equal-weighted, 4.4% yield, RE 27%/Staples 16%/Tech 3%, div growth ~5-8%/yr. (5) Comcast (CMCSA) spinoff of NBCUniversal/Sky: stock +17% on news but -50% over 5yr; ripples into XLC (4.5%), FCOM, VOX, and dividend ETFs RDIV (3.8%) & FDL (2.9%) — what a spinoff does to the ETFs you own.