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 distributed on May 24, 2023 to shareholders recorded as of May 10, 2023. As a prominent homebuilder, the company emphasizes its commitment to providing quality homes.

Founded in 1972, M.D.C. Holdings has facilitated over 230,000 home purchases through its Richmond American Homes subsidiaries, showcasing its significant presence across various states including California, Florida, and Texas. The company continues to focus on value and quality in its operations, reinforcing its stature in the market.

Positive

• Declared a quarterly cash dividend of $0.50 per share, signaling confidence in financial stability.
• Company has facilitated over 230,000 home purchases, indicating strong performance in the homebuilding sector.

Negative

• None.

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News Market Reaction – MDC

In the trading session that priced this news, MDC gained 3.92%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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DENVER, April 17, 2023 /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 24, 2023 to shareholders of record on Wednesday, May 10, 2023.

About MDC

M.D.C. Holdings, Inc. was founded in 1972. MDC's homebuilding subsidiaries, which operate under the name Richmond American Homes, have helped more than 230,000 homebuyers achieve the American Dream since 1977. One of the largest homebuilders in the nation, MDC is committed to quality and value that is reflected in each home its subsidiaries build. The Richmond American companies have operations in Alabama, Arizona, California, Colorado, Florida, Idaho, Maryland, Nevada, New Mexico, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia and Washington. Mortgage lending, insurance and title services are offered by the following MDC subsidiaries, respectively: HomeAmerican Mortgage Corporation, American Home Insurance Agency, Inc. and American Home Title and Escrow Company. M.D.C. Holdings, Inc. stock 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount declared by M.D.C. Holdings?

M.D.C. Holdings has declared a dividend of $0.50 per share.

When will M.D.C. Holdings pay the dividend?

The dividend will be paid on May 24, 2023.

What is the record date for the dividend payment of M.D.C. Holdings?

The record date for the dividend payment is May 10, 2023.

Is the dividend from M.D.C. Holdings sustainable?

The sustainability of the dividend will depend on the company's ongoing financial performance.