Wednesday, May 24, 2017

This hasn’t been the most eventful week for my portfolio, which is perfectly fine. It’s been cruising along thanks to a couple positive days, but I didn’t receive my first dividend payment until today: $0.25 from the homebuilder M.D.C. Holdings (MDC).

After coming up empty in terms of dividends the first two days of the week, the cash I earned for my one share of MDC was a welcomed sight … even if it was just a quarter. The payment, my 27th of the month, brought my May total to $20.53 and my lifetime dividends to $83.98.

It was my first dividend from the company, but certainly won’t be my last. In fact, the payment will probably only grow as I like the story the numbers have to tell. MDC is trading near a 52-week high, currently $34.29 compared to the high of $35.99, but the P/E ratio is still a lowish 15.09. It’s payout ratio is just 44.48% and the dividend yield is sitting near 3% (2.95% to be exact).

As if that’s not enough to get you somewhat excited as a dividend-growth investor, it’s grown its EPS by 125.72% (last quarter vs. the same quarter in the prior year).

OK, that’s all I have for now. Later.


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