1. Millrose declared a quarterly cash dividend of $114.5 million. 2. This dividend is the first since Millrose’s spin-off from Lennar Corporation. 3. CEO notes the dividend reflects strong demand for Millrose's platform. 4. Millrose focuses on income growth and partnerships with homebuilders. 5. Dividend payments show commitment to returning earnings to shareholders.
The dividend announcement suggests strong demand and financial health, often boosting investor confidence. Historically, announcements of dividends have led to increased stock prices, particularly when tied to solid growth, as in cases like other successful homebuilder platforms.
The dividend declaration is significant, indicating Millrose's commitment to profitability and shareholder returns, likely influencing market sentiment positively.
The immediate impact is likely as investors typically respond quickly to dividend announcements. For instance, similar announcements in the housing sector often correlate with short-term price upticks.
MIAMI--(BUSINESS WIRE)-- Millrose Properties, Inc. (NYSE: MRP, “Millrose”), the Homesite Option Purchase Platform for residential homebuilders, today announced that its Board of Directors has declared a quarterly cash dividend of approximately $114.5 million, or $0.69 per share of Class A and Class B common stock. This marks the first full quarterly dividend declared by Millrose following its spin-off from Lennar Corporation in Q1 2025. The dividend will be paid on July 15, 2025, to shareholders of record as of July 3, 2025.
“This quarterly dividend is indicative of the increasing demand for our platform and underscores our pledge to return 100% of earnings to our shareholders,” stated Darren Richman, Chief Executive Officer and President of Millrose. “As we continue to broaden our partnerships with homebuilders, our focus remains on generating accretive income growth for our shareholders.”
About Millrose Properties, Inc.
Millrose purchases and develops residential land and sells finished homesites to homebuilders by way of option contracts with predetermined costs and takedown schedules. Millrose serves as a solution for homebuilders seeking to expand access to finished homesites while implementing an asset-light strategy. As fully developed homesites are sold by Millrose, capital is recycled into future land acquisitions for homebuilders, providing customers with durable access to community growth. For more information about Millrose, please visit millroseproperties.com.
Forward-looking Statements
This press release contains forward-looking statements, including, in particular, statements about Millrose’s businesses, plans, strategies and objectives, future earnings, expected transactions and guidance. You can generally identify forward-looking statements by our use of forward-looking terminology such as “may,” “can,” “shall,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” “outlook,” “guidance” or other similar words or the negatives thereof. Assumptions relating to these statements involve judgments with respect to, among other things, competitive and market conditions and future business decisions, all of which are difficult or impossible to accurately predict and many of which are beyond our control. There can be no assurance that these forward-looking statements will prove to be accurate and our actual results, performance and achievements may be materially different from that expressed or implied by these forward-looking statements. Important factors that could cause differences between anticipated and actual results include the risks and uncertainties described in Millrose’s filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date hereof and Millrose does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. In light of the significant uncertainties inherent in these forward-looking statements, the inclusion of this information should not be regarded as a representation by us or any other person that our objectives and plans, which we consider to be reasonable, will be achieved.