MRP vs WELL: Which Is the Better Dividend Stock?
As of Nov 9, 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 12.19%, WELL has the higher dividend-safety score, and MRP looks like the better value (its fair-value estimate is 150% above its share price).
Key facts: MRP vs WELL
Data as of · Source: SmarterDividends data
- As of Nov 9, 2026, Millrose Properties, Inc. (MRP) has the higher forward dividend yield at 12.19%, versus 1.39% for Welltower Inc. (WELL).
- By SmarterDividends' count as of Nov 9, 2026, MRP has raised its dividend for 0 consecutive years and WELL for 2.
- As of Nov 9, 2026, MRP pays out 102% of its earnings as dividends and WELL pays out 130%.
- As of Nov 9, 2026, MRP's fair-value estimate is 150% above its share price and WELL's fair-value estimate is 62% below its share price, so MRP looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "MRP vs WELL: Dividend Yield, Safety & Value Compared," updated Nov 9, 2026, https://smarterdividends.com/compare/mrp-vs-well
| Metric | MRP | WELL |
|---|---|---|
| Forward yield | 12.19% | 1.39% |
| Annual dividend | $3.16 | $3.40 |
| Payout ratio | 102% | 130% |
| Years of growth | 0 yr | 2 yr |
| 5-yr dividend growth | — | 0.9% |
| 5-yr total return | — | 208% |
| Dividend safety score | — | 66 (B) |
| Fair value estimate | $64.77 | $93.33 |
| Upside to fair value | +150% | -62% |
| Frequency | quarterly | quarterly |
| Market cap | $4.3B | $179.7B |
| P/E ratio | 8.6 | 103.8 |
Higher yield
MRP
12.19%
Safer dividend
WELL
Grade B
Faster growth
WELL
0.9%
Better value
MRP
+150% upside
MRP vs WELL — FAQ
Is MRP or WELL a better dividend stock?
On the data, MRP wins more head-to-head categories (3 vs 2). MRP offers the higher yield (12.19%), while WELL has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, MRP or WELL?
MRP has the higher forward dividend yield at 12.19%, versus 1.39% for WELL.
Is MRP or WELL safer?
Compare each stock's payout ratio, growth streak and cut history on its detail page to judge safety.
Is MRP or WELL better value right now?
As of Nov 9, 2026, MRP looks like the better value: its fair-value estimate is 150% above its share price (undervalued). For WELL, its fair-value estimate is 62% below its share price.
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