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, which will be paid on February 22, 2023, to shareholders of record by February 8, 2023. This action reflects the company’s ongoing commitment to returning value to its shareholders. M.D.C. Holdings is recognized as one of the largest homebuilders in the U.S., with operations spanning major metropolitan areas.

Positive

• Quarterly cash dividend of $0.50 per share demonstrates financial stability and shareholder value.
• Dividend payment date of February 22, 2023, reinforces company’s commitment to return on investment.

Negative

• None.

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News Market Reaction – MDC

In the trading session that priced this news, MDC gained 1.01%, reflecting a mild positive market reaction.

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DENVER, Jan. 23, 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, February 22, 2023 to shareholders of record on Wednesday, February 8, 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 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.

FAQ

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

What is the dividend amount declared by MDC?

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

When is the MDC dividend payment date?

The dividend will be paid on February 22, 2023.

What is the record date for the MDC dividend?

The record date for the dividend is February 8, 2023.

How often does MDC declare dividends?

M.D.C. Holdings typically declares dividends on a quarterly basis.