Great news for investors of M.D.C. Holdings, Inc. (NYSE: MDC)! The renowned homebuilding company recently made an exciting announcement regarding its quarterly cash dividend. The company's board of directors has decided to reward shareholders with a 10% increase in the dividend payout, raising it from fifty cents ($0.50) to fifty-five cents ($0.55) per share on the Company's common stock.

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Dividend Increase Details

This dividend increase marks a significant step for M.D.C. Holdings, Inc. as it demonstrates the company's commitment to delivering value to its shareholders. With the new rate of $0.55 per share, investors can expect even greater returns on their investments, adding to the allure of holding M.D.C.'s common stock in their portfolios.

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A Strong Statement by the Board

The decision to raise the quarterly cash dividend by 10% showcases the confidence that the board of directors has in the company's financial health and future prospects. Homebuilding companies like M.D.C. Holdings, Inc. have been performing well in the current market, driven by the robust demand for new homes and a thriving real estate industry. By rewarding shareholders with an increased dividend, M.D.C. not only acknowledges their support but also reaffirms its position as one of the nation's leading homebuilders.