2 No-Brainer Dividend Stocks to Buy Right Now for Less Than $200

Investing in dividend stocks can be a smart way to generate passive income and grow your wealth over time. With the right strategy, you can build a diversified portfolio of dividend-paying stocks that provide a steady stream of income and the potential for capital appreciation. In this article, we'll highlight two no-brainer dividend stocks that you can buy right now for less than $200, based on their attractive yields, strong dividend growth histories, and resilient business models.

1. Sun Communities (SUI) - A Leading Landlord in Niche Spaces
Sun Communities is a real estate investment trust (REIT) focused on niche property types, including manufactured home communities, RV parks, marinas, and U.K. holiday parks. The company's diversified portfolio generates stable and resilient income, making it an attractive choice for income-focused investors.

* Dividend Yield: Sun Communities currently offers a 3% dividend yield, based on its recent share price of around $125.
* Dividend Growth History: The REIT has increased its dividend for nine consecutive years, demonstrating a strong commitment to returning value to shareholders.
* Economic Moat: Sun Communities' diverse revenue base and strong pipeline provide it with a durable competitive advantage, helping to sustain dividend payments and support growth.
* Resilient Business Model: The company's niche property types, such as manufactured home communities, are stable and capable of generating steady income, even during economic downturns.

Sun Communities is expected to continue growing its dividend in the future, thanks to its strong balance sheet and financial flexibility. The REIT plans to push through rental increases of 3.7% to more than 5% in 2025, further bolstering its income stream.

1. VICI Properties (VICI) - A Low-Risk Bet for Growing Income
VICI Properties is a REIT that focuses on owning experiential real estate, such as gaming, hospitality, and entertainment destinations. The company leases its properties back to operating companies under long-term triple net leases, providing it with stable rental income that steadily rises with inflation due to contractual escalation clauses.

* Dividend Yield: VICI Properties offers a nearly 6% dividend yield, based on its recent share price of less than $30.
* Dividend Growth History: The REIT has increased its dividend for seven straight years, demonstrating a strong track record of generating cash and returning value to shareholders.
* Economic Moat: VICI Properties' stable rental income and contractual escalation clauses provide it with a durable competitive advantage, helping to sustain dividend payments and support growth.
* Low-Risk Bet: The REIT's focus on experiential real estate and long-term leases make it a low-risk bet for investors seeking a growing income stream.

VICI Properties is well-positioned to continue increasing its dividend in the future, thanks to its stable rental income, contractual escalation clauses, and ample financial flexibility. The REIT has several ways to grow, including buying additional experiential properties in sale-leaseback transactions with operating companies, financing partnerships that provide funding to companies developing experiential properties, and providing capital to its current tenants to fund expansion projects at its properties.

In conclusion, Sun Communities and VICI Properties are two no-brainer dividend stocks that offer attractive yields, strong dividend growth histories, and resilient business models. Their stable income streams and potential for capital appreciation make them excellent choices for income-focused investors with a budget of less than $200. By adding these stocks to your portfolio, you can build a diversified income stream that will provide you with financial security and the freedom to enjoy life's experiences.