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 $0.50 per share on its common stock. This dividend will be payable on November 23, 2022 to shareholders on record as of November 9, 2022. As one of the leading homebuilders in the U.S., MDC's commitment to quality and customer satisfaction is reflected in its subsidiary's performance since its founding in 1972.
AI-generated analysis. Not financial advice.
Positive
- Quarterly cash dividend of $0.50 supports shareholder income
- Demonstrates company confidence in financial stability
Negative
- None.
News Market Reaction – MDC
On the day this news was published, MDC gained 7.23%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
DENVER, Oct. 24, 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 (
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, Albuquerque and Huntsville. 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.