M.D.C. Holdings (MDC) Declares $0.55 Dividend
M.D.C. Holdings said on October 23, 2023 that its board of directors declared a regular quarterly dividend of $0.55 per share ($2.20 annualized). Previously, the company paid $0.55 per share.
Shares must be purchased before the ex-div date of November 7, 2023 to qualify for the dividend. Shareholders of record as of November 8, 2023 will receive the payment on November 22, 2023.
At the current share price of $36.88 / share, the stock's dividend yield is 5.97%.
Looking back five years and taking a sample every week, the average dividend yield has been 4.11%, the lowest has been 2.40%, and the highest has been 7.22%. The standard deviation of yields is 1.18 (n=236).
The current dividend yield is 1.57 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.45. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
- Read the Ultimate Guide to Dividend Harvesting.
The company's 3-Year dividend growth rate is 0.80%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 644 funds or institutions reporting positions in M.D.C. Holdings. This is an increase of 21 owner(s) or 3.37% in the last quarter. Average portfolio weight of all funds dedicated to MDC is 0.21%, an increase of 5.70%. Total shares owned by institutions increased in the last three months by 0.63% to 65,982K shares. 
The put/call ratio of MDC is 2.52, indicating a bearish outlook.
Analyst Price Forecast Suggests 53.96% Upside
As of October 5, 2023, the average one-year price target for M.D.C. Holdings is 56.78. The forecasts range from a low of 51.51 to a high of $63.00. The average price target represents an increase of 53.96% from its latest reported closing price of 36.88.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for M.D.C. Holdings is 3,903MM, a decrease of 18.96%. The projected annual non-GAAP EPS is 3.12.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 4,098K shares representing 5.50% ownership of the company. In it's prior filing, the firm reported owning 4,225K shares, representing a decrease of 3.11%. The firm increased its portfolio allocation in MDC by 13.01% over the last quarter.
SMCWX - SMALLCAP WORLD FUND INC holds 2,001K shares representing 2.68% ownership of the company. No change in the last quarter.
Capital World Investors holds 2,001K shares representing 2.68% ownership of the company. No change in the last quarter.
DFSVX - U.s. Small Cap Value Portfolio - Institutional Class holds 1,862K shares representing 2.50% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,828K shares representing 2.45% ownership of the company. In it's prior filing, the firm reported owning 1,822K shares, representing an increase of 0.36%. The firm increased its portfolio allocation in MDC by 11.42% over the last quarter.
M.D.C. Holdings Background Information
(This description is provided by the company.)
M.D.C. Holdings, Inc. was founded in 1972. MDC's homebuilding subsidiaries, which operate under the name Richmond American Homes, have built and financed the American Dream for more than 210,000 homebuyers since 1977. 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, Orlando, Jacksonville, Seattleand Portland. MDC'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.'
Additional reading:
- M.D.C. HOLDINGS ANNOUNCES THIRD QUARTER 2023 RESULTS
- Form of 2023 Senior Executive Officer Performance Share Unit Grant Agreement (2021 Equity Incentive Plan)
- Form of 2023 Executive Officer Performance Share Unit Grant Agreement (2021 Equity Incentive Plan)
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