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M.D.C. Holdings declares special 5% stock dividend.

BANKING AND CREDIT NEWS-November 29, 2016-M.D.C. Holdings declares special 5% stock dividend

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M.D.C. Holdings, Inc. (NYSE: MDC) board of directors has declared a special 5% stock dividend to be distributed on December 20, 2016 to shareowners of record on December 6, 2016, the company said.

The stock dividend will be in the form of one additional share of MDC common stock for each twenty shares owned by shareowners on the record date. Cash will be paid in lieu of fractional shares based on the closing price of MDC's common stock on the record date.

MDC is a US homebuilder whose subsidiaries have homebuilding operations across the country. The company's subsidiaries also provide mortgage financing, insurance and title services.

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Publication:M2 Banking & Credit News (BCN)
Date:Nov 29, 2016
Words:141
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