Millrose Properties (MRP) announced a major milestone: its inaugural dividend of $65M, or 38c per share of Class A and Class B common stock. The dividend will be paid on April 15 to shareholders of record as of April 4. This “stub” dividend covers the period from Millrose’s spin-off from Lennar (LEN) on February 7- March 31, and represents a pro-rated portion of what would equate to 65c per share on a normalized quarterly basis.
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