Why Millrose Properties Stock Was Winning This Week

For the first time in its (admittedly short) history as a publicly traded real estate investment trust (REIT), Millrose Properties (NYSE: MRP) has declared a dividend, and investors were quite happy about the news.They traded the stock up on the back of this development, and week to date as of early Friday morning, it was up nearly 14% in price, according to data compiled by S&P Global Market Intelligence.Millrose, a spinoff of residential construction company Lennar that began trading in early February, declared its inaugural dividend as the trading week kicked off on Monday. Millrose is paying $0.38 per each of its class A and B shares, to be handed out on April 15 to investors of record as of April 4. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool