DLR vs WELL: Which Is the Better Dividend Stock?
As of Sep 29, 2026, DLR (Digital Realty Trust, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. DLR offers the higher yield at 2.73%, DLR has the higher dividend-safety score, and DLR looks like the better value (its fair-value estimate is 40% below its share price).
Key facts: DLR vs WELL
Data as of · Source: SmarterDividends data
- As of Sep 29, 2026, Digital Realty Trust, Inc. (DLR) has the higher forward dividend yield at 2.73%, versus 1.47% for Welltower Inc. (WELL).
- As of Sep 29, 2026, SmarterDividends grades DLR's dividend safety A (85/100) and WELL's B (66/100).
- By SmarterDividends' count as of Sep 29, 2026, DLR has raised its dividend for 0 consecutive years and WELL for 2.
- As of Sep 29, 2026, DLR pays out 238% of its earnings as dividends and WELL pays out 133%.
- As of Sep 29, 2026, DLR's fair-value estimate is 40% below its share price and WELL's fair-value estimate is 60% below its share price, so DLR looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "DLR vs WELL: Dividend Yield, Safety & Value Compared," updated Sep 29, 2026, https://smarterdividends.com/compare/dlr-vs-well
| Metric | DLR | WELL |
|---|---|---|
| Forward yield | 2.73% | 1.47% |
| Annual dividend | $4.88 | $3.40 |
| Payout ratio | 238% | 133% |
| Years of growth | 0 yr | 2 yr |
| 5-yr dividend growth | 1.7% | 0.9% |
| 5-yr total return | 13% | 188% |
| Dividend safety score | 85 (A) | 66 (B) |
| Fair value estimate | $106.36 | $93.23 |
| Upside to fair value | -40% | -60% |
| Frequency | quarterly | quarterly |
| Market cap | $66.9B | $167.9B |
| P/E ratio | 86.9 | 104.5 |
Higher yield
DLR
2.73%
Safer dividend
DLR
Grade A
Faster growth
DLR
1.7%
Better value
DLR
-40% upside
DLR vs WELL — FAQ
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