Welltower (WELL) Dividend History & Yield
Welltower (WELL) has increased its dividend for 3 consecutive years and currently yields 1.36%. The most recent dividend was $0.7400/share on May 21, 2026, paid Quarterly.
WELL
Current Yield
1.36%
TTM Dividend/Share
$2.96
Payment Frequency
Quarterly
Payout Ratio
147.3%
Consecutive Growth Years
3
Div Growth (1Y CAGR)
10.16%
Div Growth (5Y CAGR)
0.87%
Div Growth (10Y CAGR)
-1.56%
WELL: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
2.2%
FCF payout ratio
21.2%
Net debt / EBITDA
5.8x
Interest coverage
0.76x
ROIC (TTM)
3.5%
Dividend Safety Score
4 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 147.3%, above the 75% threshold.
Free cash flow covers dividend
FCF/share ($4.28) covers dividend/share ($2.96).
No dividend cuts in 10+ years
1 dividend cut(s) in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
Only 3 consecutive year(s) of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 21.2%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 5.8x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (0.9%) ≤ EPS growth (80.6%) — sustainable.
Per-payment dividend history
Ex-date May 13, 2026
- Payment date
- May 21, 2026
- Dividend
- $0.7400
- Adj. dividend
- $0.7400
Ex-date Feb 25, 2026
- Payment date
- Mar 10, 2026
- Dividend
- $0.7400
- Adj. dividend
- $0.7400
Ex-date Nov 10, 2025
- Payment date
- Nov 20, 2025
- Dividend
- $0.7400
- Adj. dividend
- $0.7400
Ex-date Aug 12, 2025
- Payment date
- Aug 21, 2025
- Dividend
- $0.7400
- Adj. dividend
- $0.7400
Ex-date May 14, 2025
- Payment date
- May 22, 2025
- Dividend
- $0.6700
- Adj. dividend
- $0.6700
Ex-date Feb 25, 2025
- Payment date
- Mar 6, 2025
- Dividend
- $0.6700
- Adj. dividend
- $0.6700
Ex-date Nov 13, 2024
- Payment date
- Nov 21, 2024
- Dividend
- $0.6700
- Adj. dividend
- $0.6700
Ex-date Aug 12, 2024
- Payment date
- Aug 21, 2024
- Dividend
- $0.6700
- Adj. dividend
- $0.6700
Ex-date May 10, 2024
- Payment date
- May 22, 2024
- Dividend
- $0.6100
- Adj. dividend
- $0.6100
Ex-date Feb 22, 2024
- Payment date
- Mar 7, 2024
- Dividend
- $0.6100
- Adj. dividend
- $0.6100
Ex-date Nov 13, 2023
- Payment date
- Nov 22, 2023
- Dividend
- $0.6100
- Adj. dividend
- $0.6100
Ex-date Aug 14, 2023
- Payment date
- Aug 23, 2023
- Dividend
- $0.6100
- Adj. dividend
- $0.6100
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| May 13, 2026 | May 21, 2026 | $0.7400 | $0.7400 |
| Feb 25, 2026 | Mar 10, 2026 | $0.7400 | $0.7400 |
| Nov 10, 2025 | Nov 20, 2025 | $0.7400 | $0.7400 |
| Aug 12, 2025 | Aug 21, 2025 | $0.7400 | $0.7400 |
| May 14, 2025 | May 22, 2025 | $0.6700 | $0.6700 |
| Feb 25, 2025 | Mar 6, 2025 | $0.6700 | $0.6700 |
| Nov 13, 2024 | Nov 21, 2024 | $0.6700 | $0.6700 |
| Aug 12, 2024 | Aug 21, 2024 | $0.6700 | $0.6700 |
| May 10, 2024 | May 22, 2024 | $0.6100 | $0.6100 |
| Feb 22, 2024 | Mar 7, 2024 | $0.6100 | $0.6100 |
| Nov 13, 2023 | Nov 22, 2023 | $0.6100 | $0.6100 |
| Aug 14, 2023 | Aug 23, 2023 | $0.6100 | $0.6100 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Welltower has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 3 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $2.8200 | — | — |
| 2025 | $2.5600 | $2.8200 | +10.2% |
| 2024 | $2.4400 | $2.5600 | +4.9% |
| 2023 | $2.4400 | $2.4400 | 0.0% |
| 2022 | $2.4400 | $2.4400 | 0.0% |
| 2021 | $2.7000 | $2.4400 | -9.6% |
| 2020 | $3.4800 | $2.7000 | -22.4% |
| 2019 | $3.4800 | $3.4800 | 0.0% |
| 2018 | $3.4800 | $3.4800 | 0.0% |
| 2017 | $3.4400 | $3.4800 | +1.2% |
| 2016 | $3.3000 | $3.4400 | +4.2% |
| 2015 | $3.1800 | $3.3000 | +3.8% |
| 2014 | $3.0600 | $3.1800 | +3.9% |
| 2013 | $2.9600 | $3.0600 | +3.4% |
| 2012 | $2.8350 | $2.9600 | +4.4% |
| 2011 | $2.7400 | $2.8350 | +3.5% |
| 2010 | $2.7200 | $2.7400 | +0.7% |
| 2009 | $2.7000 | $2.7200 | +0.7% |
| 2008 | $2.2790 | $2.7000 | +18.5% |
| 2007 | $2.8810 | $2.2790 | -20.9% |
| 2006 | $2.4600 | $2.8810 | +17.1% |
| 2005 | $2.3850 | $2.4600 | +3.1% |
| 2004 | $2.3400 | $2.3850 | +1.9% |
| 2003 | $2.3400 | $2.3400 | 0.0% |
| 2002 | $2.3400 | $2.3400 | 0.0% |
| 2001 | $2.3350 | $2.3400 | +0.2% |
| 2000 | $2.2700 | $2.3350 | +2.9% |
| 1999 | $2.1900 | $2.2700 | +3.7% |
| 1998 | $2.1100 | $2.1900 | +3.8% |
| 1997 | $2.0800 | $2.1100 | +1.4% |
| 1996 | $2.0750 | $2.0800 | +0.2% |
| 1995 | $2.0100 | $2.0750 | +3.2% |
| 1994 | $1.9300 | $2.0100 | +4.1% |
| 1993 | $1.8500 | $1.9300 | +4.3% |
| 1992 | $1.7700 | $1.8500 | +4.5% |
| 1991 | $1.7200 | $1.7700 | +2.9% |
| 1990 | $1.6200 | $1.7200 | +6.2% |
| 1989 | $1.7000 | $1.6200 | -4.7% |
| 1988 | $1.6500 | $1.7000 | +3.0% |
| 1987 | $1.5400 | $1.6500 | +7.1% |
| 1986 | $1.4538 | $1.5400 | +5.9% |
| 1985 | — | $1.4538 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Welltower (WELL) from the consolidated cash flow statement, in USD as filed.
Latest period
$1.97B
YoY change
+21.5%
5Y CAGR
+10.9%
Peak year (2025)
$1.88B
Latest annual
$1.88B
Cash dividends paid over time for Welltower (WELL)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Welltower (WELL)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $1.88B | +21.5% | +$332.68M | ||
| 2024 | $1.55B | +22.6% | +$284.70M | ||
| 2023 | $1.26B | +11.4% | +$129.05M | ||
| 2022 | $1.13B | +9.2% | +$95.62M | ||
| 2021 | $1.04B | -7.4% | -$83.33M | ||
| 2020 | $1.12B | -20.1% | -$281.48M | ||
| 2019 | $1.40B | +3.8% | +$51.85M | ||
| 2018 | $1.35B | +1.8% | +$23.25M | ||
| 2017 | $1.33B | +2.1% | +$26.69M | ||
| 2016 | $1.30B | +7.3% | +$88.79M | ||
| 2015 | $1.21B | +16.9% | +$175.06M | ||
| 2014 | $1.04B | +14.2% | +$128.79M | ||
| 2013 | $906.27M | +25.4% | +$183.82M | ||
| 2012 | $722.45M | +32.7% | +$178.20M | ||
| 2011 | $544.25M | +47.0% | +$174.03M | ||
| 2010 | $370.22M | +10.9% | +$36.38M | ||
| 2009 | $333.84M | +20.6% | +$56.98M | ||
| 2008 | $276.86M | +33.0% | +$68.76M | ||
| 2007 | $208.10M | +4.1% | +$8.27M | ||
| 2006 | $199.83M | +29.6% | +$45.69M | ||
| 2005 | $154.14M | +13.6% | +$18.42M | ||
| 2004 | $135.72M | +22.2% | +$24.64M | ||
| 2003 | $111.08M | +14.4% | +$13.94M | ||
| 2002 | $97.14M | +13.9% | +$11.87M | ||
| 2001 | $85.27M | +6.2% | +$4.94M | ||
| 2000 | $80.33M | +4.1% | +$3.13M | ||
| 1999 | $77.20M | +27.2% | +$16.50M | ||
| 1998 | $60.70M | +32.5% | +$14.90M | ||
| 1997 | $45.80M | +61.1% | +$17.37M | ||
| 1996 | $28.43M | +17.4% | +$4.21M | ||
| 1995 | $24.21M | +4.7% | +$1.09M | ||
| 1994 | $23.13M | +26.4% | +$4.83M | ||
| 1993 | $18.30M | +15.1% | +$2.40M | ||
| 1992 | $15.90M | +32.5% | +$3.90M | ||
| 1991 | $12.00M | +13.2% | +$1.40M | ||
| 1990 | $10.60M | +8.2% | +$800,000 | ||
| 1989 | $9.80M | — | — |
The 2025 reading of Welltower (WELL) dividends paid is $1.88B – grew 21.5% year-over-year.
Welltower dividends paid compound annual growth for the 2020–2025 (5 years) window is +10.9%, sustaining 4 straight years of year-over-year growth.
Across the available history, dividends paid reached its high of $1.88B in 2025 and its low of $9.80M in 1989.
Within Real Estate, Welltower (WELL) ranks 6th among 8 peers we track. The peer median for dividends paid is $2.55B.
Welltower Dividends Paid 2025: $1.88B
Welltower dividends paid in 2025 was $1.88B, grew 21.5% from 2024. This figure represents the highest annual value in the available history.
Welltower Dividends Paid 2024: $1.55B
Welltower dividends paid in 2024 was $1.55B, grew 22.6% from 2023.
Welltower Dividends Paid 2023: $1.26B
Welltower dividends paid in 2023 was $1.26B, grew 11.4% from 2022.
Welltower Dividends Paid 2022: $1.13B
Welltower dividends paid in 2022 was $1.13B, grew 9.2% from 2021.
Welltower Dividends Paid 2021: $1.04B
Welltower dividends paid in 2021 was $1.04B.
See more financial history for Welltower (WELL).
Sector peers by dividends paid
Companies in the same sector as Welltower, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| Prologis (PLD) | $3.76B | Real Estate |
| American Tower (AMT) | $3.16B | Real Estate |
| Realty Income (O) | $2.92B | Real Estate |
| Simon Property Group (SPG) | $2.79B | Real Estate |
| Public Storage (PSA) | $2.30B | Real Estate |
| Equinix (EQIX) | $1.86B | Real Estate |
| Digital Realty Trust (DLR) | $1.73B | Real Estate |
| Ventas (VTR) | $860.06M | Real Estate |
Frequently asked questions
Does Welltower pay dividends?
Yes, Welltower (WELL) pays quarterly dividends of approximately $2.96 per share annually, yielding 1.36%.
What is Welltower's dividend yield?
Welltower (WELL) has a current dividend yield of 1.36%.
Is Welltower's dividend safe?
Welltower (WELL) passes 4 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Welltower increased its dividend?
Welltower (WELL) has 3 consecutive years of dividend increases.
What is Welltower's dividend payout ratio?
Welltower (WELL) has a dividend payout ratio of 147.3%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Welltower's dividends paid?
Latest reported dividends paid for Welltower (WELL) is $1.97B (period ending March 31, 2026).
How has Welltower dividends paid changed year-over-year?
Welltower (WELL) dividends paid changed +21.5% year-over-year on the latest annual filing.
What is the long-term growth rate of Welltower dividends paid?
Welltower (WELL) dividends paid compound annual growth rate is +10.9% over the most recent 5 years available.
When did Welltower dividends paid hit its highest annual value?
Welltower dividends paid reached its highest annual value of $1.88B in 2025.
What was Welltower dividends paid in 2024?
Welltower (WELL) dividends paid in 2024 was $1.55B.
What was Welltower dividends paid in 2025?
Welltower (WELL) dividends paid in 2025 was $1.88B.
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