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Welltower Inc. (WELL) logo

Welltower Inc.

S&P 500
WELL|Real Estate|REIT - Healthcare Facilities|$214.63|P/E 104.8|MCap 151.5B|NYSE

Last update: May 9, 2026 at 09:32

Dividend Safety Rating

58/ 100Caution

WELL's dividend shows some areas that warrant monitoring. Strengths include a 44.3% cfo payout ratio & 1.6x current ratio. Areas of concern: 139.6% earnings payout ratio & 0.3x interest coverage. As a REIT, higher payout ratios are normal since they are required to distribute most taxable income.

Based on 14 of 15 metrics

Strengths

  • Debt-to-Equity: 44.5Conservative debt level relative to equity.
  • Dividend Streak: 11+ yrsLong, uninterrupted dividend track record.
  • Dividend Cut: NoneNo dividend cut in recent history.

Risks

  • Earnings Payout Ratio: 139.6%High earnings payout ratio leaves little safety margin.
  • Interest Coverage: 0.3xInterest coverage is thin relative to debt servicing.
  • Return on Equity: 3.7%Return on equity is below industry norms.

Payout & Coverage

Warning
Earnings Payout Ratio
139.6%Danger
FCF Payout Ratio
67.3%Caution
CFO Payout Ratio
44.3%Safe
Interest Coverage
0.3xDanger

Balance Sheet

Very Safe
Net Debt / Total Assets
N/AN/A
Current Ratio
1.6xSafe
Debt-to-Equity
44.5Very Safe

Profitability

Caution
Return on Equity
3.7%Danger
Operating Margin
18.0%Safe
Gross Margin
37.8%Safe
Profit Margin Stability
VolatileWarning

Dividend Track Record

Safe
Dividend Streak
11+ yrsVery Safe
Dividend Cut
NoneVery Safe
5-Year Dividend CAGR
0.9%Warning
Earnings Stability
StableSafe

About Welltower Inc.

Welltower Inc. is a leading self-managed real estate investment trust specializing in healthcare infrastructure. It owns and operates a diversified portfolio focused on the silver economy, including over 2,000 seniors housing and wellness communities across the United States, United Kingdom, and Canada. The company's operating segments encompass Seniors Housing Operating, featuring independent living, assisted living, continuing care retirement communities, and specialized Alzheimer's and dementia care; Triple-Net, providing leased properties for long-term/post-acute care and supportive living services; and Outpatient Medical, which includes medical office buildings, ambulatory surgery centers, diagnostic facilities, and outpatient labs. Welltower Inc. partners with post-acute providers, health systems, and operators to deliver rental housing and real estate solutions at the intersection of healthcare, housing, and hospitality. Founded in 1970 and headquartered in Toledo, Ohio, Welltower Inc. plays a pivotal role in addressing the growing demand for age-friendly real estate in mature markets.

Dividend Overview

Dividend Yield

1.35%

Annual Dividend

$2.89

Frequency

Quarterly

Payout Ratio

139.61%

FCF Payout Ratio

67.29%

Stock Price

$214.63

52-Week Range

$142.65 $219.59

Dividend History (2016–2025)

WELL annual dividend per share and yield history

Earnings & Profitability

WELL earnings per share and net profit margin

Key Dates

Next Ex-Dividend Date

May 13, 2026

Next Payment Date

May 21, 2026

Dividend Growth

3-Year Dividend CAGR

4.94%

5-Year Dividend CAGR

0.87%

10-Year Dividend CAGR

-1.56%

3-Year Total Growth

15.57%

5-Year Total Growth

4.44%

10-Year Total Growth

-14.55%

Income Calculator

WELL Dividend Calculator

Total Investment

$21,463.00

Annual Income

$289.00

Quarterly Income

$72.25

Monthly Income

$24.08

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Frequently Asked Questions

What is WELL's current dividend yield?
Welltower Inc. (WELL) currently has a dividend yield of 1.35%, based on a stock price of $214.63 and an annual dividend of $2.89.
When is WELL's next dividend payment date?
WELL's next ex-dividend date is 2026-05-13 and the next payment date is 2026-05-21. You must own the stock before the ex-dividend date to receive the upcoming payment.
How much does WELL pay in dividends per year?
Welltower Inc. paid $2.82 per share in annual dividends in 2025. The dividends are paid quarterly.
Has WELL been increasing its dividend?
Welltower Inc. has grown its dividend at a 5-year CAGR of 0.87% and a 10-year CAGR of -1.56%.
Is WELL's dividend safe?
Welltower Inc. has a payout ratio of 139.61%. Its free cash flow payout ratio is 67.29%. The payout ratio is above 100%, which may indicate the company is paying more in dividends than it earns. This could be unsustainable long-term.
How is WELL's Dividend Safety Rating calculated?
The Dividend Safety Rating evaluates Welltower Inc.'s dividend sustainability across four categories: Payout & Coverage (30%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (30%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for real estate companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.