AAT vs WELL: Which Is the Better Dividend Stock?
As of September 2026, AAT and WELL are closely matched. AAT offers the higher yield at 6.20%, WELL has the higher dividend-safety score, and AAT trades at the larger discount to fair value (-4%).
| Metric | AAT | WELL |
|---|---|---|
| Forward yield | 6.20% | 1.49% |
| Annual dividend | $1.36 | $3.40 |
| Payout ratio | 453% | 133% |
| Years of growth | 5 yr | 2 yr |
| 5-yr dividend growth | 6.3% | 0.9% |
| 5-yr total return | -42% | 185% |
| Dividend safety score | 56 (C) | 66 (B) |
| Fair value estimate | $21.07 | $93.23 |
| Upside to fair value | -4% | -59% |
| Frequency | quarterly | quarterly |
| Market cap | $1.7B | $167.7B |
| P/E ratio | 73.3 | 104.8 |
Higher yield
AAT
6.20%
Safer dividend
WELL
Grade B
Faster growth
AAT
6.3%
Better value
AAT
-4% upside
AAT vs WELL — FAQ
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