M.D.C. HOLDINGS DECLARES QUARTERLY CASH DIVIDEND

Rhea-AI Summary

M.D.C. Holdings, Inc. (NYSE: MDC) announced a quarterly cash dividend of $0.50 per share, payable on August 24, 2022, to shareholders of record on August 10, 2022. The company, founded in 1972, has built over 230,000 homes and operates under the subsidiary name Richmond American Homes. MDC is a leading homebuilder across various U.S. metropolitan areas, focusing on customer satisfaction, quality, and value.

Positive

• Declared a quarterly cash dividend of $0.50 per share, indicating financial stability.
• Long history of homebuilding with over 230,000 homes built, showcasing strong market presence.

Negative

• None.

DENVER, July 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, August 24, 2022 to shareholders of record on Wednesday, August 10, 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 230,000 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 for MDC announced on July 26, 2022?

MDC announced a dividend of $0.50 per share.

When will MDC pay its declared dividend?

The dividend will be paid on August 24, 2022.

What is the record date for MDC's dividend payment?

Shareholders must be on record by August 10, 2022, to receive the dividend.

How long has MDC been in operation?

MDC has been in operation since 1972.