SmarterDividends

MRP vs WELL: Which Is the Better Dividend Stock?

As of September 2026, MRP (Millrose Properties, Inc.) screens as the stronger dividend stock, winning 3 of 5 head-to-head metrics. MRP offers the higher yield at 10.67%, WELL has the higher dividend-safety score, and MRP trades at the larger discount to fair value (+78%).

MetricMRPWELL
Forward yield10.67%1.49%
Annual dividend$3.08$3.40
Payout ratio105%133%
Years of growth0 yr2 yr
5-yr dividend growth0.9%
5-yr total return185%
Dividend safety score66 (B)
Fair value estimate$51.29$93.23
Upside to fair value+78%-59%
Frequencyquarterlyquarterly
Market cap$4.8B$167.7B
P/E ratio10.0104.8

Higher yield

MRP

10.67%

Safer dividend

WELL

Grade B

Faster growth

WELL

0.9%

Better value

MRP

+78% upside

MRP vs WELL — FAQ

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