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M.D.C. Holdings Declares Quarterly Cash Dividend



               M.D.C. Holdings Declares Quarterly Cash Dividend

PR Newswire

DENVER, Oct. 22, 2012

DENVER, Oct. 22, 2012 /PRNewswire/ -- M.D.C. Holdings, Inc. (NYSE: MDC) today
announced that its board of directors has declared a quarterly cash dividend
of twenty-five cents ($.25) per share on the Company's common stock.  The
dividend will be paid on Wednesday, November 21, 2012 to shareowners of record
on Wednesday, November 7, 2012.

About M.D.C. Holdings, Inc.

Since 1972, MDC's subsidiary companies have built and financed the American
dream for more than 165,000 families. 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 Francisco Bay
Area, Washington D.C., Baltimore, Philadelphia, Jacksonville and Seattle. The
Company'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. 

SOURCE M.D.C. Holdings, Inc.

Website: http://www.richmondamerican.com
Contact: Robert N. Martin, Vice President of Finance, +1-720-977-3431,
bob.martin@mdch.com
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