M.D.C. HOLDINGS DECLARES QUARTERLY CASH DIVIDEND

Rhea-AI Summary

M.D.C. Holdings, Inc. (NYSE: MDC), a prominent homebuilder, has declared a quarterly cash dividend of $0.50 per share, payable on May 25, 2022, to shareholders on record as of May 11, 2022. The announcement underscores MDC's ongoing commitment to returning value to its shareholders, reflecting the company's stable financial position and confidence in future growth.

Positive

• Quarterly cash dividend of $0.50 per share declared.
• Dividend payment showcases commitment to shareholder value.
• Payment date of May 25, 2022, indicates planned return of income to investors.

Negative

• None.

DENVER, April 26, 2022 /PRNewswire/ -- M.D.C. Holdings, Inc. (NYSE: MDC), one of the nation's leading homebuilders, announced that its board of directors has declared a quarterly cash dividend of fifty cents ($0.50) per share on the Company's common stock. The dividend will be paid on Wednesday, May 25, 2022 to shareholders of record on Wednesday, May 11, 2022.

About MDC
M.D.C. Holdings, Inc. was founded in 1972. MDC's homebuilding subsidiaries, which operate under the name Richmond American Homes, have built and financed the American Dream for more than 220,000 homebuyers since 1977. MDC's commitment to customer satisfaction, quality and value is reflected in each home its subsidiaries build. MDC is one of the largest homebuilders in the United States. Its subsidiaries have homebuilding operations across the country, including the metropolitan areas of Denver, Colorado Springs, Salt Lake City, Las Vegas, Phoenix, Tucson, Riverside-San Bernardino, Los Angeles, San Diego, Orange County, San Francisco Bay Area, Sacramento, Washington D.C., Baltimore, Orlando, Jacksonville, Seattle, Portland, Boise, Nashville, Austin and Albuquerque. MDC's subsidiaries also provide mortgage financing, insurance and title services, primarily for Richmond American homebuyers, through HomeAmerican Mortgage Corporation, American Home Insurance Agency, Inc. and American Home Title and Escrow Company, respectively. M.D.C. Holdings, Inc. is traded on the New York Stock Exchange under the symbol "MDC." For more information, visit www.mdcholdings.com.

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SOURCE M.D.C. Holdings, Inc.

FAQ

What is the dividend amount declared by MDC?

MDC has declared a quarterly cash dividend of $0.50 per share.

When will the MDC dividend be paid?

The MDC dividend will be paid on May 25, 2022.

When is the record date for the MDC dividend?

The record date for the MDC dividend is May 11, 2022.

How often does MDC pay dividends?

MDC typically pays dividends on a quarterly basis.

Is the MDC dividend sustainable?

While the press release does not provide specific details on sustainability, the regularity of the dividend suggests confidence in financial performance.