Millrose Properties (MRP) Dividend

Millrose Properties, Inc. · Real Estate · REIT - Residential · quarterly payer

$25.92

As of Nov 9, 2026, Millrose Properties (MRP) pays a quarterly dividend of $0.79 per share, or $3.16 a year, a 12.19% yield at its $25.92 share price. It pays every quarter, usually in January, April, July and October.

Forward Yield

12.19%

Annual Dividend

$3.16

Payout Ratio

102%

5-Yr Growth

—

Ex-Date

Oct 5, 2026

Frequency

Quarterly

Key facts about MRP's dividend

Data as of Nov 9, 2026 · Source: SmarterDividends data

As of Nov 9, 2026, Millrose Properties, Inc. (MRP) has a forward dividend yield of 12.19%, based on an annual dividend of $3.16 per share and a share price of $25.92.
MRP has never cut its regular dividend in the payment history SmarterDividends has on record.
MRP's most recent ex-dividend date was Oct 5, 2026, for a dividend of $0.79 per share.
As of Nov 9, 2026, MRP pays out 102% of its trailing 12-month earnings as dividends (its payout ratio).
As of Nov 9, 2026, MRP's 12.19% yield is 98% above its five-year average yield of 6.14%.
As of Nov 9, 2026, SmarterDividends' blended fair-value estimate for MRP is $64.77 per share, 150% above the $25.92 share price, so MRP screens as undervalued.
Millrose Properties, Inc. (MRP) pays its dividend quarterly, 4 times a year.

Cite this page

SmarterDividends, "MRP Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 9, 2026, https://smarterdividends.com/stocks/MRP

Is MRP a good dividend stock?

Mixed

Millrose Properties, Inc. (MRP) pays a quarterly dividend yielding 12.19% ($3.16/yr), with 0 years of growth. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

Never cut its dividend on record

Risks

Elevated payout ratio (102%)
Very high yield can signal elevated risk

Key Data

Dividend Yield: 12.19%
Payout Ratio: 102%
Annual Dividend: $3.16
5-Yr Avg Growth: —
Ex-Dividend Date: Oct 5, 2026
Years of Growth: 0
Frequency: quarterly
Beta: —
Market Cap: $4.3B
P/E Ratio: 8.6
5-Yr Total Return: —
52-Week Range: $21.07 – $32.60
Dividend Safety: —
Ever Cut?: No

MRP dividend changes

Millrose Properties, Inc. (MRP) pays a variable dividend: across the 7 payments on record since 2025, 6 were higher than the one before and 0 lower. The latest change was up 2.6% to $0.790 per share, going ex-dividend on Oct 5, 2026.

Ex-date	Change	Old → new	Move
Oct 5, 2026	Higher	$0.770 → $0.790	+2.6%
Jul 6, 2026	Higher	$0.760 → $0.770	+1.3%
Apr 2, 2026	Higher	$0.750 → $0.760	+1.3%
Jan 5, 2026	Higher	$0.730 → $0.750	+2.7%
Oct 3, 2025	Higher	$0.690 → $0.730	+5.8%
Jul 3, 2025	Higher	$0.380 → $0.690	+81.6%

Every MRP payment →Download every raise and cut (CSV)

MRP ex-dividend date & scheduleNext ex-date Oct 5, 2026 · full ex-dividend historyView →MRP dividend historyEvery payment, totals by year, raises and cutsView →MRP dividend calculator100 shares pay $316.00 a year, $79.00 each quarterCalculate →MRP total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is MRP a good dividend stock?

Mixed. Millrose Properties, Inc. (MRP) pays a quarterly dividend yielding 12.19% ($3.16/yr), with 0 years of growth. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Is MRP undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, MRP's fair value is about $64.77 versus a $25.92 share price — so it looks undervalued (+150% vs. fair value).

What is MRP's fair value?

Our blended fair-value estimate for MRP is about $64.77 per share, roughly 150% above the current $25.92 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is MRP a buy, hold, or sell?

We don't issue formal ratings, but on the data MRP screens as "mixed" and undervalued. Millrose Properties, Inc. (MRP) pays a quarterly dividend yielding 12.19% ($3.16/yr), with 0 years of growth. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

Does MRP pay a dividend?

Yes. Millrose Properties, Inc. pays a quarterly dividend of about $3.16 per share annually, a forward yield of roughly 12.19%.

How much dividend does 100 shares of MRP pay?

At $3.16 per share a year, 100 shares of MRP pay $316.00 a year in dividends before tax, about $79.00 each quarter. Buying them costs about $2,592 at the Nov 9, 2026 price.

What is MRP's dividend yield?

As of Nov 9, 2026, MRP's forward dividend yield is 12.19%, based on a $3.16 annual dividend and a $25.92 share price.

What is MRP's dividend per share?

As of Nov 9, 2026, MRP pays $3.16 per share per year, distributed on a quarterly basis.

What is MRP's dividend payout ratio?

As of Nov 9, 2026, MRP's payout ratio is 102% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has MRP grown its dividend?

MRP does not currently have a long dividend-growth streak on record.

When is the next MRP ex-dividend date?

As of Nov 9, 2026, MRP's next ex-dividend date hasn't been announced. The most recent was Oct 5, 2026, for $0.79 per share.

Dividend History

Full MRP dividend history →

Ex-Date	Pay Date	Amount	Type
Oct 5, 2026	Oct 15, 2026	$0.7900	regular
Jul 6, 2026	Jul 15, 2026	$0.7700	regular
Apr 2, 2026	Apr 15, 2026	$0.7600	regular
Jan 5, 2026	Jan 15, 2026	$0.7500	regular
Oct 3, 2025	Oct 15, 2025	$0.7300	regular
Jul 3, 2025	Jul 15, 2025	$0.6900	regular
Apr 4, 2025	Apr 15, 2025	$0.3800	regular