SmarterDividends

MRP vs WELL: Which Is the Better Dividend Stock?

As of July 2026, MRP (Millrose Properties, Inc.) screens as the stronger dividend stock, winning 4 of 5 head-to-head metrics. MRP offers the higher yield at 10.47%, WELL has the higher dividend-safety score, and MRP trades at the larger discount to fair value (+71%).

MetricMRPWELL
Forward yield10.47%1.22%
Annual dividend$3.08$2.96
Payout ratio105%140%
Years of growth0 yr2 yr
5-yr dividend growth0.9%
5-yr total return178%
Dividend safety score63 (C)
Fair value estimate$50.39$80.94
Upside to fair value+71%-67%
Frequencyquarterlyquarterly
Market cap$4.8B$172.8B
P/E ratio10.6117.7

Higher yield

MRP

10.47%

Safer dividend

WELL

Grade C

Faster growth

WELL

0.9%

Better value

MRP

+71% upside

MRP vs WELL — FAQ

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