Key Developments: MDC Holdings Inc (MDC)

MDC on New York Consolidated

39.06USD
24 May 2013
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Latest Key Developments (Source: Significant Developments)

MDC Holdings Inc Announces Offering Of Additional $100 Million Of 6.000% Senior Notes Due 2043
Wednesday, 8 May 2013 05:15pm EDT 

MDC Holdings Inc announced the pricing of a public offering of an additional $100 million principal amount of its 6.000% senior notes due January 2043 (the Notes) at par, bringing the total outstanding principal amount of the Notes to $350 million. MDC completed the offering of the initial $250 million principal amount on January 10, 2013. The additional Notes will be general unsecured obligations of MDC and will rank equally and ratably with its other general unsecured and unsubordinated indebtedness. Also, the additional Notes will be fully guaranteed on an unsecured basis, jointly and severally, by most of the Company's homebuilding subsidiaries. MDC will use the proceeds of the additional offering for general corporate purposes. The additional offering is expected to close on May 13, 2013, subject to customary closing conditions.  Full Article

Faruqi & Faruqi, LLP Launches An Investigation Against MDC Holdings Inc
Tuesday, 19 Feb 2013 06:12pm EST 

Faruqi & Faruqi, LLP announced that it is investigating the Board of Directors of MDC Holdings Inc for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval for executive compensation.  Full Article

MDC Holdings Inc Announces Offering Of $250 Million 6.000% Senior Notes Due 2043
Monday, 7 Jan 2013 06:45pm EST 

MDC Holdings Inc announced the pricing of a public offering of $250 million principal amount of 6.000% senior notes at par due January 2043 (the Notes). The Notes will be general unsecured obligations of MDC and will rank equally and ratably with its other general unsecured and unsubordinated indebtedness. In addition, the Notes will be fully guaranteed on an unsecured basis, jointly and severally, by most of the Company's homebuilding subsidiaries. MDC will use the proceeds of the offering for general corporate purposes. The offering is expected to close on January 10th, 2013. The offering is being underwritten by Citigroup Global Markets Inc.  Full Article

MDC Holdings Inc Declares Dividend Of $1.00 Per Share To Accelerate Payment Of Calendar Year 2013 Dividends
Thursday, 13 Dec 2012 08:10pm EST 

MDC Holdings Inc announced that its Board of Directors has declared a cash dividend of one dollar ($1.00) per share on the Company's common stock. This dividend is in lieu of declaring and paying regular quarterly dividends in calendar year 2013. The accelerated dividend is payable on December 28, 2012 to stockholders of record on December 24, 2012.  Full Article

M.D.C. Holdings, Inc. Declares Quarterly Cash Dividend
Tuesday, 24 Jul 2012 12:28am EDT 

M.D.C. Holdings, Inc. announced that its board of directors has declared a quarterly cash dividend of 25 per share on the Company's common stock. The dividend will be paid on August 22, 2012 to shareowners of record on August 8, 2012.  Full Article

M.D.C. Holdings, Inc. Names John M. Stephens Senior Vice President And Chief Financial Officer
Monday, 30 Jan 2012 06:00am EST 

M.D.C. Holdings, Inc. announced that John M. Stephens has been appointed by the Board of Directors to the position of Senior Vice President, Chief Financial Officer and Principal Accounting Officer, effective February 13, 2012.  Full Article

M.D.C. Holdings, Inc. Declares Quarterly Cash Dividend
Monday, 23 Jan 2012 06:51pm EST 

M.D.C. Holdings, Inc. announced that its board of directors has declared a quarterly cash dividend of $.25 per share on the Company's common stock. The dividend will be paid on February 22, 2012 to shareowners of record on Wednesday, February 8, 2012.  Full Article

M.D.C. Holdings, Inc. Declares Quarterly Cash Dividend
Monday, 24 Oct 2011 07:17pm EDT 

M.D.C. Holdings, Inc. announced that its Board of Directors have declared a quarterly cash dividend of $0.25 per share on the Company's common stock. The dividend will be paid on November 22, 2011, to shareowners of record on November 8, 2011.  Full Article

M.D.C. Holdings, Inc. Declares Quarterly Cash Dividend
Monday, 25 Jul 2011 11:15pm EDT 

M.D.C. Holdings, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $.25 per share on the Company's common stock. The dividend will be paid on August 24, 2011, to shareowners of record on August 10, 2011.  Full Article

The Law Firm of Levi & Korsinsky, LLP Announces Investigation of M.D.C. Holdings, Inc.
Monday, 25 Jul 2011 06:35pm EDT 

Levi & Korsinsky, LLP announced that it is investigating M.D.C. Holdings, Inc., and its Board of Directors, in connection with the Company's 2008, 2009, and 2010 compensation for its CEO and other executives. If you owned shares during this time period, you may be affected. At the Company’s recent annual shareholder meeting held April 27, 2011, shareholders voted “no” on MDC’s say on pay provision. The investigation concerns whether certain senior officers and executives of MDC’s were awarded salaries, bonuses, and/or other forms of compensation that were excessive or unwarranted based on the MDC’s performance. Specifically, MDC’s CEO total compensation rose from $6.5 million in 2008 to $9.2 million in 2010 and its COO pay increased from about $7.3 million in 2008 to $9 million in 2010. Executive pay was increased despite the fact that MDC’s annual revenue fell from $2.885 billion in 2007 to $958.65 million in 2010.  Full Article

MDC Holdings Inc News

MDC's 30-year bond deal shows growing optimism on housing sector

NEW YORK, Jan 11 (IFR) - MDC Holdings surprised the market on Monday when it priced a US$250m 30-year bond offering, the first deal of that maturity from a homebuilder since 2005.

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