NHPAP vs WELL: Which Is the Better Dividend Stock?
As of Oct 18, 2026, NHPAP (National Healthcare Properties Inc) screens as the stronger dividend stock, winning 4 of 6 head-to-head metrics. NHPAP offers the higher yield at 7.30%, NHPAP has the higher dividend-safety score, and NHPAP looks like the better value (its fair-value estimate is 67% above its share price).
Key facts: NHPAP vs WELL
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, National Healthcare Properties Inc (NHPAP) has the higher forward dividend yield at 7.30%, versus 1.45% for Welltower Inc. (WELL).
- As of Oct 18, 2026, SmarterDividends grades NHPAP's dividend safety B (75/100) and WELL's B (66/100).
- By SmarterDividends' count as of Oct 18, 2026, NHPAP has raised its dividend for 0 consecutive years and WELL for 2.
- As of Oct 18, 2026, NHPAP's fair-value estimate is 67% above its share price and WELL's fair-value estimate is 59% below its share price, so NHPAP looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "NHPAP vs WELL: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/nhpap-vs-well
| Metric | NHPAP | WELL |
|---|---|---|
| Forward yield | 7.30% | 1.45% |
| Annual dividend | $1.84 | $3.40 |
| Payout ratio | — | 133% |
| Years of growth | 0 yr | 2 yr |
| 5-yr dividend growth | 8.8% | 0.9% |
| 5-yr total return | — | 195% |
| Dividend safety score | 75 (B) | 66 (B) |
| Fair value estimate | $42.14 | $96.91 |
| Upside to fair value | +67% | -59% |
| Frequency | quarterly | quarterly |
| Market cap | — | $169.2B |
| P/E ratio | — | 105.3 |
Higher yield
NHPAP
7.30%
Safer dividend
NHPAP
Grade B
Faster growth
NHPAP
8.8%
Better value
NHPAP
+67% upside
NHPAP vs WELL — FAQ
Is NHPAP or WELL a better dividend stock?
On the data, NHPAP wins more head-to-head categories (4 vs 2). NHPAP offers the higher yield (7.30%), while NHPAP has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, NHPAP or WELL?
NHPAP has the higher forward dividend yield at 7.30%, versus 1.45% for WELL.
Is NHPAP or WELL safer?
NHPAP has the higher dividend-safety score (75/100 vs 66/100), reflecting stronger payout coverage and dividend-growth history.
Is NHPAP or WELL better value right now?
As of Oct 18, 2026, NHPAP looks like the better value: its fair-value estimate is 67% above its share price (undervalued). For WELL, its fair-value estimate is 59% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.


