Note 18 - Stockholders' Equity

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

18

. Stockholders' Equity

Stock Dividends.

On

November

21,

2016

MDC’s board of directors declared a

5%

stock dividend that was distributed on

December

20,

2016

to shareholders of record on

December

6,

2016

.

Common Stock Repurchase Program

. At

December

31,

2016,

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 during the years ended

December

31,

2016,

2015

or

2014.

We did

not

hold any treasury stock at

December

31,

2016

.