VNO vs WELL: Which Is the Better Dividend Stock?
As of September 2026, WELL (Welltower Inc.) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. VNO offers the higher yield at 2.12%, WELL has the higher dividend-safety score.
| Metric | VNO | WELL |
|---|---|---|
| Forward yield | 2.12% | 1.49% |
| Annual dividend | $0.74 | $3.40 |
| Payout ratio | 2467% | 133% |
| Years of growth | 0 yr | 2 yr |
| 5-yr dividend growth | 4.5% | 0.9% |
| 5-yr total return | -18% | 185% |
| Dividend safety score | 51 (C) | 66 (B) |
| Fair value estimate | — | $93.23 |
| Upside to fair value | — | -59% |
| Frequency | annual | quarterly |
| Market cap | $7.3B | $167.7B |
| P/E ratio | 1186.0 | 104.8 |
Higher yield
VNO
2.12%
Safer dividend
WELL
Grade B
Faster growth
VNO
4.5%
VNO vs WELL — FAQ
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