News

M.D.C. Holdings Declares Quarterly Cash Dividend
PRNewswire-FirstCall
DENVER

M.D.C. Holdings, Inc. 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, November 26, 2008 to shareowners of record on Wednesday, November 12, 2008.

About M.D.C. Holdings, Inc.

Since 1972, MDC has built and financed the American dream for more than 150,000 families. MDC's commitment to customer satisfaction, quality and value is reflected in each home its subsidiaries build. As one of the largest homebuilders in the United States, the Company has homebuilding divisions across the country, including Colorado, 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 MDC homebuyers, through its wholly owned subsidiaries, HomeAmerican Mortgage Corporation, American Home Insurance Agency and American Home Title and Escrow, respectively. M.D.C. Holdings, Inc. is traded on the New York Stock Exchange under the symbol "MDC." For more information, visit mdcholdings.com.

First Call Analyst:
FCMN Contact: susan.jend@mdch.com

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

CONTACT: Robert N. Martin, Investor Relations of M.D.C. Holdings, Inc.,
+1-720-977-3431, bob.martin@mdch.com