NLY vs WELL: Which Is the Better Dividend Stock?
As of July 2026, NLY and WELL are closely matched. NLY offers the higher yield at 13.04%, WELL has the higher dividend-safety score, and NLY trades at the larger discount to fair value (+76%).
| Metric | NLY | WELL |
|---|---|---|
| Forward yield | 13.04% | 1.22% |
| Annual dividend | $3.00 | $2.96 |
| Payout ratio | 90% | 140% |
| Years of growth | 1 yr | 2 yr |
| 5-yr dividend growth | -5.1% | 0.9% |
| 5-yr total return | -34% | 178% |
| Dividend safety score | 51 (C) | 63 (C) |
| Fair value estimate | $40.56 | $80.94 |
| Upside to fair value | +76% | -67% |
| Frequency | quarterly | quarterly |
| Market cap | $16.6B | $172.8B |
| P/E ratio | 7.4 | 117.7 |
Higher yield
NLY
13.04%
Safer dividend
WELL
Grade C
Faster growth
WELL
0.9%
Better value
NLY
+76% upside
NLY vs WELL — FAQ
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