ADC vs WELL: Which Is the Better Dividend Stock?
As of Nov 9, 2026, ADC and WELL are closely matched. ADC offers the higher yield at 4.65%, ADC has the higher dividend-safety score, and ADC looks like the better value (its fair-value estimate is 16% below its share price).
Key facts: ADC vs WELL
Data as of · Source: SmarterDividends data
- As of Nov 9, 2026, Agree Realty Corporation (ADC) has the higher forward dividend yield at 4.65%, versus 1.39% for Welltower Inc. (WELL).
- As of Nov 9, 2026, SmarterDividends grades ADC's dividend safety B (76/100) and WELL's B (66/100).
- By SmarterDividends' count as of Nov 9, 2026, ADC has raised its dividend for 4 consecutive years and WELL for 2.
- As of Nov 9, 2026, ADC pays out 164% of its earnings as dividends and WELL pays out 130%.
- As of Nov 9, 2026, ADC's fair-value estimate is 16% below its share price and WELL's fair-value estimate is 62% below its share price, so ADC looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "ADC vs WELL: Dividend Yield, Safety & Value Compared," updated Nov 9, 2026, https://smarterdividends.com/compare/adc-vs-well
| Metric | ADC | WELL |
|---|---|---|
| Forward yield | 4.65% | 1.39% |
| Annual dividend | $3.25 | $3.40 |
| Payout ratio | 164% | 130% |
| Years of growth | 4 yr | 2 yr |
| 5-yr dividend growth | -15.6% | 0.9% |
| 5-yr total return | 3% | 208% |
| Dividend safety score | 76 (B) | 66 (B) |
| Fair value estimate | $58.86 | $93.33 |
| Upside to fair value | -16% | -62% |
| Frequency | monthly | quarterly |
| Market cap | $9.1B | $179.7B |
| P/E ratio | 36.0 | 103.8 |
Higher yield
ADC
4.65%
Safer dividend
ADC
Grade B
Faster growth
WELL
0.9%
Better value
ADC
-16% upside
ADC vs WELL — FAQ
Is ADC or WELL a better dividend stock?
ADC and WELL are closely matched. ADC has the higher yield; ADC scores better on safety.
Which has a higher dividend yield, ADC or WELL?
ADC has the higher forward dividend yield at 4.65%, versus 1.39% for WELL.
Is ADC or WELL safer?
ADC has the higher dividend-safety score (76/100 vs 66/100), reflecting stronger payout coverage and dividend-growth history.
Is ADC or WELL better value right now?
As of Nov 9, 2026, ADC looks like the better value: its fair-value estimate is 16% below its share price (overvalued). For WELL, its fair-value estimate is 62% below its share price.
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