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 $0.33 per share, set for payment on August 26, 2020. Shareholders of record as of August 12, 2020 will receive this dividend. Founded in 1972, MDC is a major player in the U.S. homebuilding market, operating under the Richmond American Homes brand. The company has successfully built and financed over 210,000 homes since its inception.

Positive

• Dividend of $0.33 per share provides income for shareholders.
• Company's strong history with over 210,000 homes built enhances investor confidence.

Negative

• None.

DENVER, July 27, 2020 /PRNewswire/ -- M.D.C. Holdings, Inc. (NYSE: MDC), one of the nation's leading homebuilders, today announced that its board of directors has declared a quarterly cash dividend of thirty-three cents ($0.33) per share on the Company's common stock. The dividend will be paid on Wednesday, August 26, 2020 to shareholders of record on Wednesday, August 12, 2020.

About M.D.C. Holdings, Inc.

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 and Portland. The Company'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 declared a dividend of $0.33 per share.

When will MDC's dividend be paid?

The dividend will be paid on August 26, 2020.

Who is eligible to receive the MDC dividend?

Shareholders of record by August 12, 2020, are eligible.

How often does MDC pay dividends?

MDC pays dividends quarterly.

Is MDC's dividend sustainable?

The sustainability of MDC's dividend will depend on its future earnings and cash flow.