Note 20 - Stockholders' Equity

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

20. Stockholders' Equity

Cash Dividends. In each of the years ended December 31, 2019, 2018 and 2017, we paid dividends of $1.18 per share, $1.11 per share and $0.85 per share, respectively

Stock Dividends. On January 28, 2019, MDC’s board of directors approved an 8% stock dividend that was distributed on February 28, 2019 to shareholders of record on February 14, 2019. On November 20, 2017, MDC’s board of directors approved an 8% stock dividend that was distributed on December 19, 2017 to shareholders of record on December 5, 2017.

Common Stock Repurchase Program. At December 31, 2019, we were authorized to repurchase up to 4,000,000 shares of our common stock. We did not repurchase any shares of our common stock under this repurchase program during the years ended December 31, 2019, 2018 or 2017. We did not hold any treasury stock at December 31, 2019.