BNL vs WELL: Which Is the Better Dividend Stock?
As of Oct 18, 2026, BNL (Broadstone Net Lease, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. BNL offers the higher yield at 6.45%, BNL has the higher dividend-safety score, and BNL looks like the better value (its fair-value estimate is 22% above its share price).
Key facts: BNL vs WELL
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Broadstone Net Lease, Inc. (BNL) has the higher forward dividend yield at 6.45%, versus 1.45% for Welltower Inc. (WELL).
- As of Oct 18, 2026, SmarterDividends grades BNL's dividend safety B (70/100) and WELL's B (66/100).
- By SmarterDividends' count as of Oct 18, 2026, BNL has raised its dividend for 5 consecutive years and WELL for 2.
- As of Oct 18, 2026, BNL pays out 153% of its earnings as dividends and WELL pays out 133%.
- As of Oct 18, 2026, BNL's fair-value estimate is 22% above its share price and WELL's fair-value estimate is 59% below its share price, so BNL looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "BNL vs WELL: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/bnl-vs-well
| Metric | BNL | WELL |
|---|---|---|
| Forward yield | 6.45% | 1.45% |
| Annual dividend | $1.17 | $3.40 |
| Payout ratio | 153% | 133% |
| Years of growth | 5 yr | 2 yr |
| 5-yr dividend growth | 8.5% | 0.9% |
| 5-yr total return | -27% | 195% |
| Dividend safety score | 70 (B) | 66 (B) |
| Fair value estimate | $22.05 | $96.91 |
| Upside to fair value | +22% | -59% |
| Frequency | quarterly | quarterly |
| Market cap | $3.9B | $169.2B |
| P/E ratio | 23.9 | 105.3 |
Higher yield
BNL
6.45%
Safer dividend
BNL
Grade B
Faster growth
BNL
8.5%
Better value
BNL
+22% upside
BNL vs WELL — FAQ
Is BNL or WELL a better dividend stock?
On the data, BNL wins more head-to-head categories (5 vs 3). BNL offers the higher yield (6.45%), while BNL has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, BNL or WELL?
BNL has the higher forward dividend yield at 6.45%, versus 1.45% for WELL.
Is BNL or WELL safer?
BNL has the higher dividend-safety score (70/100 vs 66/100), reflecting stronger payout coverage and dividend-growth history.
Is BNL or WELL better value right now?
As of Oct 18, 2026, BNL looks like the better value: its fair-value estimate is 22% above its share price (undervalued). For WELL, its fair-value estimate is 59% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.