Millrose Properties Declares $0.76 Quarterly Dividend, $126.2 Million Distribution
Millrose Properties, Inc. (NYSE: MRP), a homesite option platform for residential homebuilders, announced a quarterly cash dividend of $0.76 per share on its Class A and Class B common stock. The total distribution amounts to approximately $126.2 million.
Millrose Properties, Inc. (NYSE: MRP), a homesite option platform for residential homebuilders, declared a quarterly cash dividend of $0.76 per share on March 23, 2026. The dividend applies to both Class A and Class B common stock, representing a total distribution of approximately $126.2 million. Read more dividend announcements.
The Miami-based company specializes in the acquisition and horizontal development of land to provide finished homesites to residential homebuilders. The dividend will be paid on April 15, 2026, to shareholders of record as of April 3, 2026.
| Dividend Details | Date |
|---|---|
| Amount per Share | $0.76 |
| Record Date | April 3, 2026 |
| Payment Date | April 15, 2026 |
| Total Distribution | $126.2 million |
Chief Executive Officer and President Darren Richman said the dividend reflects the company's business model as a permanent capital partner for homebuilders. He emphasized that Millrose is not constrained by fund life limitations and maintains capital availability regardless of market conditions.
The company operates a homesite option platform that uses proprietary technology to provide real-time data analytics for acquisition decisions. Millrose focuses on providing a predictable supply of finished homesites, which it describes as a mission-critical resource in the homebuilding industry.