M.D.C. Holdings, Inc. (MDC) Raises Quarterly Dividend 25% to $0.50; 4% Yield
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M.D.C. Holdings Announces Third Quarter 2021 Results And Quarterly Dividend Increase
October 28, 2021 6:00 AM EDTDENVER, Oct. 28, 2021 /PRNewswire/ --Â M.D.C. Holdings, Inc. (NYSE: MDC), one of the nation's leading homebuilders, announced results for the quarter ended September 30, 2021.
"MDC posted strong results in the third quarter of 2021, as the homebuilding industry continued to thrive," said Larry Mizel, MDC's Executive Chairman. "Home sale revenues grew 26% year-over-year thanks to double digit percentage increases to both deliveries and average selling price. Home sales gross margin rose 300 basis points year-over-year to 23.5%, as price increases more than offset cost inflation in the quarter. Net income came in at $146 million, or $1.99 per... More
