CBL vs WELL: Which Is the Better Dividend Stock?
As of Nov 9, 2026, CBL (CBL & Associates Properties, Inc.) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. CBL offers the higher yield at 5.28%, WELL has the higher dividend-safety score, and CBL looks like the better value (its fair-value estimate is 26% below its share price).
Key facts: CBL vs WELL
Data as of · Source: SmarterDividends data
- As of Nov 9, 2026, CBL & Associates Properties, Inc. (CBL) has the higher forward dividend yield at 5.28%, versus 1.39% for Welltower Inc. (WELL).
- As of Nov 9, 2026, SmarterDividends grades CBL's dividend safety C (50/100) and WELL's B (66/100).
- By SmarterDividends' count as of Nov 9, 2026, CBL has raised its dividend for 3 consecutive years and WELL for 2.
- As of Nov 9, 2026, CBL pays out 29% of its earnings as dividends and WELL pays out 130%.
- As of Nov 9, 2026, CBL's fair-value estimate is 26% below its share price and WELL's fair-value estimate is 62% below its share price, so CBL looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CBL vs WELL: Dividend Yield, Safety & Value Compared," updated Nov 9, 2026, https://smarterdividends.com/compare/cbl-vs-well
| Metric | CBL | WELL |
|---|---|---|
| Forward yield | 5.28% | 1.39% |
| Annual dividend | $2.50 | $3.40 |
| Payout ratio | 29% | 130% |
| Years of growth | 3 yr | 2 yr |
| 5-yr dividend growth | — | 0.9% |
| 5-yr total return | 53% | 208% |
| Dividend safety score | 50 (C) | 66 (B) |
| Fair value estimate | $35.16 | $93.33 |
| Upside to fair value | -26% | -62% |
| Frequency | quarterly | quarterly |
| Market cap | $1.5B | $179.7B |
| P/E ratio | 9.7 | 103.8 |
Higher yield
CBL
5.28%
Safer dividend
WELL
Grade B
Faster growth
WELL
0.9%
Better value
CBL
-26% upside
CBL vs WELL — FAQ
Is CBL or WELL a better dividend stock?
On the data, CBL wins more head-to-head categories (4 vs 3). CBL offers the higher yield (5.28%), while WELL has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, CBL or WELL?
CBL has the higher forward dividend yield at 5.28%, versus 1.39% for WELL.
Is CBL or WELL safer?
WELL has the higher dividend-safety score (66/100 vs 50/100), reflecting stronger payout coverage and dividend-growth history.
Is CBL or WELL better value right now?
As of Nov 9, 2026, CBL looks like the better value: its fair-value estimate is 26% below its share price (overvalued). For WELL, its fair-value estimate is 62% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.