M.D.C. Holdings Declares Quarterly Cash Dividend

Rhea-AI Summary

M.D.C. Holdings, Inc. (NYSE: MDC) has declared a quarterly cash dividend of $0.40 per share, payable on May 26, 2021. This dividend will benefit shareholders who are on record by May 12, 2021. Established in 1972, MDC is a leading homebuilder in the United States, having built over 210,000 homes since 1977. The company's commitment to quality and customer satisfaction is evident through its extensive operations across multiple metropolitan areas including Denver, Las Vegas, and San Diego.

Positive

• Quarterly cash dividend declared at $0.40 per share.
• Dividend payment scheduled for May 26, 2021, reflecting ongoing shareholder returns.
• Established history with over 210,000 homes built, indicating strong market presence.

Negative

• None.

DENVER, April 26, 2021 /PRNewswire/ -- M.D.C. Holdings, Inc. (NYSE: MDC), one of the nation's leading homebuilders, today announced that its board of directors declared a quarterly cash dividend of forty cents ($0.40) per share on the Company's common stock. The dividend will be paid on Wednesday, May 26, 2021 to shareholders of record on Wednesday, May 12, 2021.

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 210,000 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 and Boise. 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 announced by MDC?

MDC has announced a dividend of $0.40 per share.

When will MDC pay the quarterly dividend?

The quarterly dividend will be paid on May 26, 2021.

What is the record date for MDC's dividend?

The record date for the dividend is May 12, 2021.

How often does MDC declare dividends?

MDC declares dividends quarterly.

Is MDC's dividend sustainable?

The sustainability of MDC's dividend can be assessed based on its ongoing financial performance and market conditions.