M.D.C. Holdings (MDC) Raises Quarterly Dividend 29.6% to $0.30; 3.5% Yield

M.D.C. Holdings (NYSE: MDC) declared a quarterly dividend of $0.30 per share, or $1.2 annualized. This is a 29.6% increase from the prior dividend of $0.2315.

The dividend will be payable on February 21, 2018, to stockholders of record on February 7, 2018, with an ex-dividend date of February 6, 2018.

The annual yield on the dividend is 3.5 percent.

MDC's Chairman and Chief Executive Officer, Larry A. Mizel, commented, "Our industry-leading dividend has been a cornerstone of our shareholder value strategy. The increase we announced today reflects our confidence in the Company's balance sheet and future growth prospects, especially in light of positive legislative developments such as the recently enacted Tax Cuts and Jobs Act."

For a dividend history and other dividend-related data on M.D.C. Holdings (MDC) click here.

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