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Press release from PR Newswire

M.D.C. Holdings Declares Quarterly Cash Dividend

Monday, January 24, 2011

M.D.C. Holdings Declares Quarterly Cash Dividend19:05 EST Monday, January 24, 2011DENVER, Jan. 24, 2011 /PRNewswire/ -- M.D.C. Holdings, Inc. (NYSE: MDC) today announced that its board of directors has declared a regular quarterly cash dividend of twenty-five cents ($.25) per share on the Company's common stock.  The dividend will be paid on Wednesday, February 23, 2011 to shareowners of record on Wednesday, February 9, 2011.About M.D.C. Holdings, Inc.Since 1972, MDC's subsidiary companies have built and financed the American dream for more than 160,000 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 divisions across the country, including Denver, Colorado Springs, Salt Lake City, Las Vegas, Phoenix, Tucson, California, Northern Virginia, Maryland, Philadelphia/Delaware Valley and Jacksonville. 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.For further information: Robert N. Martin, Investor Relations of M.D.C. Holdings, Inc., +1-720- 977-3431, bob.martin@mdch.com