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Press release from Business Wire

The Ryland Group Declares Second Quarter Dividend

Friday, April 29, 2011

The Ryland Group Declares Second Quarter Dividend16:30 EDT Friday, April 29, 2011 CALABASAS, Calif. (Business Wire) -- The board of directors of The Ryland Group, Inc. (NYSE: RYL), has declared a second quarter dividend of $0.03 per share, payable on July 29, 2011, to common stockholders of record on July 15, 2011. Headquartered in Southern California, Ryland is one of the nation's largest homebuilders and a leading mortgage-finance company. Since its founding in 1967, Ryland has built more than 294,000 homes and financed more than 248,000 mortgages. The Company currently operates in 15 states and 18 homebuilding divisions across the country and is listed on the New York Stock Exchange under the symbol “RYL.” For more information, please visit www.ryland.com. The Ryland Group, Inc.Drew Mackintosh, Vice PresidentInvestor Relations818-223-7548