DLR vs O: Which Is the Better Dividend Stock?
As of July 2026, O (Realty Income Corporation) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. O offers the higher yield at 4.95%, DLR has the higher dividend-safety score, and O trades at the larger discount to fair value (-10%).
| Metric | DLR | O |
|---|---|---|
| Forward yield | 2.81% | 4.95% |
| Annual dividend | $4.88 | $3.25 |
| Payout ratio | 129% | 265% |
| Years of growth | 0 yr | 30 yr |
| 5-yr dividend growth | 1.7% | 3.5% |
| 5-yr total return | 6% | — |
| Dividend safety score | 85 (A) | 81 (A) |
| Fair value estimate | $105.10 | $59.17 |
| Upside to fair value | -40% | -10% |
| Frequency | quarterly | monthly |
| Market cap | $66.3B | $60.8B |
| P/E ratio | 46.1 | 53.9 |
Higher yield
O
4.95%
Safer dividend
DLR
Grade A
Faster growth
O
3.5%
Better value
O
-10% upside
DLR vs O — FAQ
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