13 Companies that Just Started Paying Dividends

5. Millrose Properties, Inc. (NYSE:MRP)

Number of Hedge Fund Holders: 34

Dividend Initiation Announcement: March 17, 2025

On March 17, Millrose Properties, Inc. (NYSE:MRP) announced its inaugural dividend totaling $65 million, or $0.38 per share for both Class A and Class B common stock. Management said this dividend underscores the strength of the platform, the solid demand for its capital, and its commitment to return 100% of earnings to shareholders.

Later in the year, on December 22, the company said its Board of Directors approved a quarterly cash dividend of about $124.5 million. The payout came in at $0.75 per share for Class A and Class B common stock, marking a meaningful step up in capital returned to investors.

Darren Richman, chief executive officer and president of Millrose, said the company’s first year as a public business was defined by steady growth and stronger relationships across the industry. He said the recent dividend increase highlights the strength of Millrose’s homesite option platform and its ability to recycle capital efficiently as homebuilders’ needs evolve.

Richman also noted that even as market cycles shift, well-located finished homesites remain one of the scarcest and most essential resources in housing. He explained that Millrose’s platform supports a range of building strategies, from steady production to more opportunistic development, by giving builders access to critical inventory. By pairing proprietary technology with detailed independent due diligence, management believes Millrose is positioned to act as a core capital partner for leading homebuilders across the country.

Millrose Properties, Inc. (NYSE:MRP), through its subsidiaries, provides operational and capital solutions for homebuilders and land developers. The company finances land acquisition and development through its Homesite Option Purchase Platform, known as HOPP’R.