O vs WPC: Which Is the Better Dividend Stock?
As of Nov 2, 2026, WPC (W. P. Carey Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. WPC offers the higher yield at 5.93%, O has the higher dividend-safety score, and WPC looks like the better value (its fair-value estimate is 13% above its share price).
Key facts: O vs WPC
Data as of · Source: SmarterDividends data
- As of Nov 2, 2026, W. P. Carey Inc. (WPC) has the higher forward dividend yield at 5.93%, versus 5.72% for Realty Income Corporation (O).
- As of Nov 2, 2026, SmarterDividends grades O's dividend safety A (85/100) and WPC's C (52/100).
- By SmarterDividends' count as of Nov 2, 2026, O has raised its dividend for 30 consecutive years and WPC for 1.
- As of Nov 2, 2026, O pays out 235% of its earnings as dividends and WPC pays out 130%.
- As of Nov 2, 2026, O's fair-value estimate is 8% below its share price and WPC's fair-value estimate is 13% above its share price, so WPC looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "O vs WPC: Dividend Yield, Safety & Value Compared," updated Nov 2, 2026, https://smarterdividends.com/compare/o-vs-wpc
| Metric | O | WPC |
|---|---|---|
| Forward yield | 5.72% | 5.93% |
| Annual dividend | $3.26 | $3.80 |
| Payout ratio | 235% | 130% |
| Years of growth | 30 yr | 1 yr |
| 5-yr dividend growth | 3.5% | -2.4% |
| 5-yr total return | -16% | -14% |
| Dividend safety score | 85 (A) | 52 (C) |
| Fair value estimate | $52.48 | $72.71 |
| Upside to fair value | -8% | +13% |
| Frequency | monthly | quarterly |
| Market cap | $53.9B | $14.8B |
| P/E ratio | 41.3 | 22.3 |
Higher yield
WPC
5.93%
Safer dividend
O
Grade A
Faster growth
O
3.5%
Better value
WPC
+13% upside
O vs WPC — FAQ
Is O or WPC a better dividend stock?
On the data, WPC wins more head-to-head categories (5 vs 3). WPC offers the higher yield (5.93%), 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 WPC?
WPC has the higher forward dividend yield at 5.93%, versus 5.72% for O.
Is O or WPC safer?
O has the higher dividend-safety score (85/100 vs 52/100), reflecting stronger payout coverage and dividend-growth history.
Is O or WPC better value right now?
As of Nov 2, 2026, WPC looks like the better value: its fair-value estimate is 13% above its share price (fairly valued). For O, its fair-value estimate is 8% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.