Millrose Properties, Inc.
MRPReal Estate · REIT - Residential · Stock · quarterly payer
Forward Yield
13.97%
Annual Dividend
$3.16
Payout Ratio
105%
5-Yr Growth
—
Ex-Date
Oct 5, 2026
Frequency
Quarterly
Key facts about MRP's dividend
Data as of · Source: SmarterDividends data
- As of Oct 8, 2026, Millrose Properties, Inc. (MRP) has a forward dividend yield of 13.97%, based on an annual dividend of $3.16 per share and a share price of $22.62.
- 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 Oct 8, 2026, MRP pays out 105% of its trailing 12-month earnings as dividends (its payout ratio).
- As of Oct 8, 2026, MRP's 13.97% yield is 127% above its five-year average yield of 6.14%.
- As of Oct 8, 2026, SmarterDividends' blended fair-value estimate for MRP is $58.63 per share, 159% above the $22.62 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 Oct 8, 2026, https://smarterdividends.com/stocks/MRP
Summary
As of Oct 8, 2026, Millrose Properties, Inc. (MRP) yields 13.97% ($3.16 a year per share).
Is MRP a good dividend stock?
MixedMillrose Properties, Inc. (MRP) pays a quarterly dividend yielding 13.97% ($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 (105%)
- Very high yield can signal elevated risk
Key Data
- Dividend Yield
- 13.97%
- Payout Ratio
- 105%
- Annual Dividend
- $3.16
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Oct 5, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- —
- Market Cap
- $3.8B
- P/E Ratio
- 7.9
- 5-Yr Total Return
- —
- 52-Week Range
- $23.44 – $33.49
- Dividend Safety
- —
- Ever Cut?
- No
Frequently Asked Questions
Is MRP a good dividend stock?
Mixed. Millrose Properties, Inc. (MRP) pays a quarterly dividend yielding 13.97% ($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 $58.63 versus a $22.62 share price — so it looks undervalued (+159% vs. fair value).
What is MRP's fair value?
Our blended fair-value estimate for MRP is about $58.63 per share, roughly 159% above the current $22.62 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 13.97% ($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 13.97%.
What is MRP's dividend yield?
As of Oct 8, 2026, MRP's forward dividend yield is 13.97%, based on a $3.16 annual dividend and a $22.62 share price.
What is MRP's dividend per share?
As of Oct 8, 2026, MRP pays $3.16 per share per year, distributed on a quarterly basis.
What is MRP's dividend payout ratio?
As of Oct 8, 2026, MRP's payout ratio is 105% 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 Oct 8, 2026, MRP's next ex-dividend date hasn't been announced. The most recent was Oct 5, 2026, for $0.79 per share.
MRP Price — Last 12 Months
Daily close
Price Return
1 Year
-24%
3 Years
—
5 Years
—
52-Week Range
$23.44 – $33.49
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MRP worth?
Undervaluedlow confidenceOur blended fair-value estimate for Millrose Properties, Inc. is $58.63 per share, versus a market price of $22.62. That implies 159% of upside — a margin of safety of about 61%.
Fair Value
$58.63
Current Price
$22.62
Upside
+159%
Margin of Safety
61%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.3% discount rate (CAPM), 6.2% growth for five years fading to 2.5% over the next five, $2.87 EPS, $3.16 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
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 |
Income Calculator
At $3.16 / yr per share
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