Is MGP or FCPT a better dividend investment in 2026?

MGP currently yields 24.65% with a 5% 5-year dividend growth rate. FCPT yields 6.05% with 5% growth. The better choice depends on your goal: MGP offers higher current income.

What is the dividend yield difference between MGP and FCPT?

MGP has a forward dividend yield of 24.65% ($10.27/share annually). FCPT yields 6.05% ($1.43/share annually). The yield gap is 18.60 percentage points.

Home › Compare › MGP vs FCPT

MGP vs FCPT: Dividend Comparison 2026

MGP yields 24.65% · FCPT yields 6.05%● Live data

vsPost on X →

After 10 years · $10,000 invested · DRIP enabled

🏆 MGP wins by $33.10M in total portfolio value

INVESTMENT

TIME HORIZON10 years

MGP

● Live price

24.65%

Share price

$41.64

Annual div

$10.27

5Y div CAGR

37.4%

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$33.15M

Annual income

$24,874,070.04

Full MGP calculator →

FCPT

● Live price

6.05%

Share price

$23.65

Annual div

$1.43

5Y div CAGR

15.8%

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$49.1K

Annual income

$5,775.28

Full FCPT calculator →

Portfolio growth — MGP vs FCPT

📍 MGP pulled ahead of the other in Year 1

Annual dividend income

🛡️

Recession Test — Did They Cut Dividends?

How each stock treated shareholders during the 3 biggest crises of the last 20 years

Crisis Period	MGP	FCPT
2008–2009 GFC	— No data	— No data
2020 Q1–Q2 COVID	— No data	— No data
2022 Q4 Rate Hike	— No data	— No data

Based on dividend payment history. "Increased" = dividend grew during crisis. "Maintained" = held within 3%. "Cut" = reduced by more than 3%.

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Dividend Calendar Overlap

Combined, MGP + FCPT cover 0 of 12 months — good coverage

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

MGP pays

FCPT pays

Both pay

Neither

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Tax Bracket Optimizer

Which stock is actually better after tax? Adjust your rate to find out.

MGP

Annual income on $10K today (after 15% tax)

$2,095.54/yr

After 10yr DRIP, annual income (after tax)

$21,142,959.53/yr

FCPT

Annual income on $10K today (after 15% tax)

$514.49/yr

After 10yr DRIP, annual income (after tax)

$4,908.99/yr

At 15% tax rate, MGP beats the other by $21,138,050.55/year in after-tax income after 10 years on $10,000

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Lazy Portfolio Split Optimizer

What's the optimal mix of MGP + FCPT for your $10,000?

MGP: 50%FCPT: 50%

100% FCPT50/50100% MGP

Portfolio after 10yr

$16.60M

Annual income

$12,439,922.66/yr

Blended yield

74.94%

📊

Analyst Conviction Gap

Where Wall Street is most bullish on MGP right now

MGP

Analyst Ratings

Buy

Hold

Consensus: Buy

Price Target

$38.33

-7.9% upside vs current

Range: $38.00 — $39.00

FCPT

Analyst Ratings

Buy

Hold

Consensus: Hold

Price Target

$27.00

+14.2% upside vs current

Range: $25.00 — $29.00

Altman Z

1.4

Piotroski

6/9

Analyst ratings via FMP. Altman Z-Score: >3.0 safe, 1.81–3.0 grey zone, <1.81 distress. Piotroski: 7–9 strong, 0–3 weak.

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Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

MGP buys

FCPT buys

No recent congressional trades found for MGP or FCPT in the last 90 days.

STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →

MetricMGPFCPT

Forward yield	24.65% ✓	6.05%
Annual dividend / share	$10.27 ✓	$1.43
Payout ratio	50%	50%
1-year div growth	0%	0%
5-year div CAGR	37.4% ✓	15.8%
Portfolio after 10y	$33.15M	$49.1K ✓
Annual income after 10y	$24,874,070.04 ✓	$5,775.28
Total dividends collected	$32.36M ✓	$24.1K
Payment frequency	quarterly	quarterly
Sector	Stock	REIT
Analyst consensus	Buy	Hold
Analyst price target	$38.33 ✓	$27.00

Year-by-year: MGP vs FCPT ($10,000, DRIP)

Year	MGP Portfolio	MGP Income/yr	FCPT Portfolio	FCPT Income/yr	Gap
1← crossover	$14,087	$3,387.39	$11,401	$700.92	+$2.7K → MGP
2	$21,201	$6,127.71	$13,064	$864.84	+$8.1K → MGP
3	$34,527	$11,842.16	$15,051	$1,072.48	+$19.5K → MGP
4	$61,709	$24,764.98	$17,442	$1,337.22	+$44.3K → MGP
5	$122,866	$56,836.52	$20,340	$1,677.08	+$102.5K → MGP
6	$276,781	$145,314.66	$23,880	$2,116.57	+$252.9K → MGP
7	$716,512	$420,356.97	$28,241	$2,689.36	+$688.3K → MGP
8	$2,164,030	$1,397,362.17	$33,660	$3,442.07	+$2.13M → MGP
9	$7,734,917	$5,419,404.76	$40,456	$4,439.95	+$7.69M → MGP
10	$33,150,432	$24,874,070.04	$49,063	$5,775.28	+$33.10M → MGP

MGP vs FCPT: Complete Analysis 2026

MGP — Stock

MGM Growth Properties LLC (NYSE:MGP) is one of the leading publicly traded real estate investment trusts engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts, whose diverse amenities include casino gaming, hotel, convention, dining, entertainment and retail offerings. MGP, together with its joint venture, currently owns a portfolio of properties, consisting of 12 premier destination resorts in Las Vegas and elsewhere across the United States, MGM Northfield Park in Northfield, OH, Empire Resort Casino in Yonkers, NY, as well as a retail and entertainment district, The Park in Las Vegas. As of December 31, 2019, our destination resorts, the Park, Empire Resort Casino, and MGM Northfield Park collectively comprised approximately 27,400 hotel rooms, 1.4 million casino square footage, and 2.7 million convention square footage. As a growth-oriented public real estate entity, MGP expects its relationship with MGM Resorts and other entertainment providers to attractively position MGP for the acquisition of additional properties across the entertainment, hospitality and leisure industries.

Full MGP Calculator →

FCPT — REIT

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.

Full FCPT Calculator →

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⚠️ Educational purposes only. Not financial advice. Congressional trades sourced from SEC STOCK Act filings via FMP. Past performance does not guarantee future results.