O vs WELL: Which Is the Better Dividend Stock?
As of Oct 19, 2026, O (Realty Income Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. O offers the higher yield at 5.81%, O has the higher dividend-safety score, and O looks like the better value (its fair-value estimate is 6% below its share price).
Key facts: O vs WELL
Data as of · Source: SmarterDividends data
- As of Oct 19, 2026, Realty Income Corporation (O) has the higher forward dividend yield at 5.81%, versus 1.45% for Welltower Inc. (WELL).
- As of Oct 19, 2026, SmarterDividends grades O's dividend safety A (85/100) and WELL's B (66/100).
- By SmarterDividends' count as of Oct 19, 2026, O has raised its dividend for 30 consecutive years and WELL for 2.
- As of Oct 19, 2026, O pays out 235% of its earnings as dividends and WELL pays out 133%.
- As of Oct 19, 2026, O's fair-value estimate is 6% below its share price and WELL's fair-value estimate is 59% below its share price, so O looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "O vs WELL: Dividend Yield, Safety & Value Compared," updated Oct 19, 2026, https://smarterdividends.com/compare/o-vs-well
| Metric | O | WELL |
|---|---|---|
| Forward yield | 5.81% | 1.45% |
| Annual dividend | $3.26 | $3.40 |
| Payout ratio | 235% | 133% |
| Years of growth | 30 yr | 2 yr |
| 5-yr dividend growth | 3.5% | 0.9% |
| 5-yr total return | -17% | 195% |
| Dividend safety score | 85 (A) | 66 (B) |
| Fair value estimate | $52.48 | $96.91 |
| Upside to fair value | -6% | -59% |
| Frequency | monthly | quarterly |
| Market cap | $53.1B | $169.2B |
| P/E ratio | 40.6 | 105.3 |
Higher yield
O
5.81%
Safer dividend
O
Grade A
Faster growth
O
3.5%
Better value
O
-6% upside
O vs WELL — FAQ
Is O or WELL a better dividend stock?
On the data, O wins more head-to-head categories (5 vs 3). O offers the higher yield (5.81%), while O has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, O or WELL?
O has the higher forward dividend yield at 5.81%, versus 1.45% for WELL.
Is O or WELL safer?
O has the higher dividend-safety score (85/100 vs 66/100), reflecting stronger payout coverage and dividend-growth history.
Is O or WELL better value right now?
As of Oct 19, 2026, O looks like the better value: its fair-value estimate is 6% below its share price (fairly valued). 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.