Last Week’s 10 Best-Performing Stocks

3. Millrose Properties Inc. (NYSE:MRP)

Millrose Properties grew its share price by 16.6 percent week-on-week to close at $25.35 versus the $21.74 on March 14 as investor buying was largely fueled by the announcement of cash dividends.

MRP, a newly spun-off firm, said it would be paying investors $0.38 per Class A and B shares by April 15 to investors as of record date of April 4.

The dividend was based on the initial period of MRP’s existence, covering the business from the day its stock began trading publicly to March 31.

MRP was spun off by its parent firm Lennar Corp. (NYSE:LEN) last month, which involved the latter’s distribution of approximately 80 percent of MRP shares to stockholders of LEN.

Each LEN shareholder as of record date January 21, 2025, received one share of MRP common stock.

MRP engages in land purchases, horizontal development, and homesite option purchase arrangements for LEN. It anticipates to attract other homebuilders seeking to implement an asset-light strategy.