DLR vs WELL: Which Is the Better Dividend Stock?
As of Nov 14, 2026, DLR and WELL are closely matched. DLR offers the higher yield at 2.66%, DLR has the higher dividend-safety score, and WELL looks like the better value (its fair-value estimate is 62% below its share price).
Key facts: DLR vs WELL
Data as of · Source: SmarterDividends data
- As of Nov 14, 2026, Digital Realty Trust, Inc. (DLR) has the higher forward dividend yield at 2.66%, versus 1.39% for Welltower Inc. (WELL).
- As of Nov 14, 2026, SmarterDividends grades DLR's dividend safety A (85/100) and WELL's C (65/100).
- By SmarterDividends' count as of Nov 14, 2026, DLR has raised its dividend for 0 consecutive years and WELL for 2.
- As of Nov 14, 2026, DLR pays out 206% of its earnings as dividends and WELL pays out 130%.
- As of Nov 14, 2026, DLR's fair-value estimate is 65% below its share price and WELL's fair-value estimate is 62% below its share price, so WELL 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 Nov 14, 2026, https://smarterdividends.com/compare/dlr-vs-well
| Metric | DLR | WELL |
|---|---|---|
| Forward yield | 2.66% | 1.39% |
| Annual dividend | $4.88 | $3.40 |
| Payout ratio | 206% | 130% |
| Years of growth | 0 yr | 2 yr |
| 5-yr dividend growth | 1.7% | 0.9% |
| 5-yr total return | 7% | 207% |
| Dividend safety score | 85 (A) | 65 (C) |
| Fair value estimate | $63.77 | $93.33 |
| Upside to fair value | -65% | -62% |
| Frequency | quarterly | quarterly |
| Market cap | $69.3B | $179.3B |
| P/E ratio | 77.2 | 103.6 |
Higher yield
DLR
2.66%
Safer dividend
DLR
Grade A
Faster growth
DLR
1.7%
Better value
WELL
-62% upside
DLR vs WELL — FAQ
Is DLR or WELL a better dividend stock?
DLR and WELL are closely matched. DLR has the higher yield; DLR scores better on safety.
Which has a higher dividend yield, DLR or WELL?
DLR has the higher forward dividend yield at 2.66%, versus 1.39% for WELL.
Is DLR or WELL safer?
DLR has the higher dividend-safety score (85/100 vs 65/100), reflecting stronger payout coverage and dividend-growth history.
Is DLR or WELL better value right now?
As of Nov 14, 2026, WELL looks like the better value: its fair-value estimate is 62% below its share price (overvalued). For DLR, its fair-value estimate is 65% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.