From Yahoo Finance: 2025-03-21 11:46:00

Millrose Properties (NYSE: MRP) has declared its first dividend since becoming a publicly traded REIT, causing a 14% increase in stock price. The company will pay $0.38 per share on April 15 to investors as of April 4. Millrose, a spinoff of Lennar, focuses on land development and sales to builders.

The dividend is based on Millrose’s brief existence and covers operations until March 31. The company’s strategy involves buying and developing land, then selling to builders like Lennar. This approach allows for reinvestment in new land purchases. Millrose is part of Lennar’s “land light” strategy, reducing the need for large capital investments in land.

Millrose aims for a quarterly earnings per share run rate of $0.67 to $0.69 by year-end. The first dividend yields 1.5%, hinting at future policies. Investors are encouraged to watch the company closely for potential growth. Additionally, stock analysts offer a “Double Down” recommendation for companies poised for success, citing impressive returns from past recommendations like Nvidia, Apple, and Netflix.



Read more at Yahoo Finance: Why Millrose Properties Stock Was Winning This Week