M.D.C. Holdings Declares Quarterly Cash Dividend

DENVER, Oct. 26  /PRNewswire-FirstCall/ -- 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 Tuesday, November 24, 2009 to shareowners of record on Tuesday, November 10, 2009.

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 also provides mortgage financing, insurance and title services, primarily for Richmond American homebuyers, through its wholly-owned subsidiaries, 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 http://www.mdcholdings.com/. 

DATASOURCE: M.D.C. Holdings, Inc.



CONTACT:  Robert N. Martin, Investor Relations of M.D.C. Holdings, Inc.,

[phone], 



Web Site:  http://www.mdcholdings.com/ 

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