SAFE vs WELL: Which Is the Better Dividend Stock?
As of Oct 18, 2026, WELL (Welltower Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. SAFE offers the higher yield at 6.24%, WELL has the higher dividend-safety score, and SAFE looks like the better value (its fair-value estimate is 41% below its share price).
Key facts: SAFE vs WELL
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Safehold Inc. (SAFE) has the higher forward dividend yield at 6.24%, versus 1.45% for Welltower Inc. (WELL).
- As of Oct 18, 2026, SmarterDividends grades SAFE's dividend safety C (57/100) and WELL's B (66/100).
- By SmarterDividends' count as of Oct 18, 2026, SAFE has raised its dividend for 0 consecutive years and WELL for 2.
- As of Oct 18, 2026, SAFE pays out 44% of its earnings as dividends and WELL pays out 133%.
- As of Oct 18, 2026, SAFE's fair-value estimate is 41% below its share price and WELL's fair-value estimate is 59% below its share price, so SAFE looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "SAFE vs WELL: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/safe-vs-well
| Metric | SAFE | WELL |
|---|---|---|
| Forward yield | 6.24% | 1.45% |
| Annual dividend | $0.71 | $3.40 |
| Payout ratio | 44% | 133% |
| Years of growth | 0 yr | 2 yr |
| 5-yr dividend growth | -23.4% | 0.9% |
| 5-yr total return | -90% | 195% |
| Dividend safety score | 57 (C) | 66 (B) |
| Fair value estimate | $6.71 | $96.91 |
| Upside to fair value | -41% | -59% |
| Frequency | quarterly | quarterly |
| Market cap | $803.1M | $169.2B |
| P/E ratio | 7.0 | 105.3 |
Higher yield
SAFE
6.24%
Safer dividend
WELL
Grade B
Faster growth
WELL
0.9%
Better value
SAFE
-41% upside
SAFE vs WELL — FAQ
Is SAFE or WELL a better dividend stock?
On the data, WELL wins more head-to-head categories (5 vs 3). SAFE offers the higher yield (6.24%), 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, SAFE or WELL?
SAFE has the higher forward dividend yield at 6.24%, versus 1.45% for WELL.
Is SAFE or WELL safer?
WELL has the higher dividend-safety score (66/100 vs 57/100), reflecting stronger payout coverage and dividend-growth history.
Is SAFE or WELL better value right now?
As of Oct 18, 2026, SAFE looks like the better value: its fair-value estimate is 41% below its share price (overvalued). 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.