M.D.C. Holdings Declares Quarterly Cash Dividend

               M.D.C. Holdings Declares Quarterly Cash Dividend  PR Newswire  DENVER, July 21, 2014  DENVER, July 21, 2014 /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, August 20, 2014 to shareowners of record on Wednesday, August 6, 2014.  About M.D.C. Holdings, Inc.  Since 1972, MDC's subsidiary companies have built and financed the American dream for more than 175,000 homebuyers. 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, Philadelphia, Orlando, Jacksonville, South Florida 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.mdcholdings.com Contact: Robert N. Martin, Vice President of Finance and Corporate Controller, 1-866-424-3395 / 720-977-3395, IR@mdch.com  
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