Welltower’s board approved a 15% increase in the quarterly common stock dividend to $0.85 per share, starting with the second quarter of 2026.
The company said the higher payout follows “low double-digit” dividend increases in each of the past two years. Management pointed to “strong cash flow per share growth in recent years” and said the dividend increase reflects a low payout ratio and confidence in future growth.
Welltower also said it completed about $11 billion of net investment activity in 2025 and had $10.5 billion of closed or announced investment activity in the first four months of 2026. The company said its investment pipeline “has never been stronger.”
Management said cash flow growth after acquisitions has improved over the past year, and that expected unlevered returns on new acquisitions are now comparable to, or slightly higher than, returns on deals made in prior years.
The company said it continues to retain significant free cash flow and maintain “extraordinarily low” leverage, giving it capacity to support growth opportunities across the U.S., U.K. and Canada. Today the company's shares have moved -1.41% to a price of $202.445. For more information, read the company's full 8-K submission here.
