NLCP vs WELL: Which Is the Better Dividend Stock?
As of Oct 27, 2026, WELL (Welltower Inc.) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. NLCP offers the higher yield at 12.25%, WELL has the higher dividend-safety score, and NLCP looks like the better value (its fair-value estimate is 120% above its share price).
Key facts: NLCP vs WELL
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, NewLake Capital Partners, Inc. (NLCP) has the higher forward dividend yield at 12.25%, versus 1.41% for Welltower Inc. (WELL).
- As of Oct 27, 2026, SmarterDividends grades NLCP's dividend safety C (62/100) and WELL's B (66/100).
- By SmarterDividends' count as of Oct 27, 2026, NLCP has raised its dividend for 4 consecutive years and WELL for 2.
- As of Oct 27, 2026, NLCP pays out 146% of its earnings as dividends and WELL pays out 133%.
- As of Oct 27, 2026, NLCP's fair-value estimate is 120% above its share price and WELL's fair-value estimate is 60% below its share price, so NLCP looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "NLCP vs WELL: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/nlcp-vs-well
| Metric | NLCP | WELL |
|---|---|---|
| Forward yield | 12.25% | 1.41% |
| Annual dividend | $1.72 | $3.40 |
| Payout ratio | 146% | 133% |
| Years of growth | 4 yr | 2 yr |
| 5-yr dividend growth | — | 0.9% |
| 5-yr total return | -50% | 198% |
| Dividend safety score | 62 (C) | 66 (B) |
| Fair value estimate | $30.95 | $96.91 |
| Upside to fair value | +120% | -60% |
| Frequency | quarterly | quarterly |
| Market cap | $294.0M | $173.4B |
| P/E ratio | 11.9 | 107.9 |
Higher yield
NLCP
12.25%
Safer dividend
WELL
Grade B
Faster growth
WELL
0.9%
Better value
NLCP
+120% upside
NLCP vs WELL — FAQ
Is NLCP or WELL a better dividend stock?
On the data, WELL wins more head-to-head categories (4 vs 3). NLCP offers the higher yield (12.25%), 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, NLCP or WELL?
NLCP has the higher forward dividend yield at 12.25%, versus 1.41% for WELL.
Is NLCP or WELL safer?
WELL has the higher dividend-safety score (66/100 vs 62/100), reflecting stronger payout coverage and dividend-growth history.
Is NLCP or WELL better value right now?
As of Oct 27, 2026, NLCP looks like the better value: its fair-value estimate is 120% above its share price (undervalued). For WELL, its fair-value estimate is 60% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.