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Cities With the Fastest Growing Wages
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Slow wage growth and increasing wage inequality have characterized the U.S. labor market for the past several decades. The COVID-19 pandemic has disproportionately impacted lower-wage workers, only serving to exacerbate these problems. Now, a year into the pandemic, millions of workers remain unemployed and many businesses still face restrictions.
Over the past five years, average annual wages increased by 4.8%, after adjusting for inflation. However, much of the increase in average wages can be attributed to growing wages among the highest earners. According to an analysis of
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DENVER, Feb. 2, 2021 /PRNewswire/ M.D.C Holdings, Inc. (NYSE: MDC), one of the nation s leading homebuilders, announced results for the quarter and full year ended December 31, 2020.
Larry A. Mizel, MDC s Executive Chairman, stated, MDC delivered another quarter of significant order growth and strong profitability in the fourth quarter of 2020. The dollar value of our net orders for the quarter increased 92% year-over-year on a 67% improvement in sales pace, as we continued to see broad-based strength in demand from both a geographic and a product standpoint. Net income rose 59% to $147.5 million, based on the significant growth of both our homebuilding and our financial services operations.
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DENVER, Jan. 26, 2021 /PRNewswire/ M.D.C. Holdings, Inc. (NYSE: MDC) today announced that on January 25, 2021 its board of directors declared a quarterly cash dividend of forty cents ($0.40) per share as well as a special 8% stock dividend on the Company s common stock. The cash dividend will be paid on Wednesday, February 24, 2021 to shareholders of record on Wednesday, February 10, 2021. The stock dividend will be distributed on March 17, 2021 to shareholders of record on March 3, 2021, with a brokers cut-off date of March 10, 2021, and will be in the form of one additional share of MDC common stock for each 12.5 shares owned by shareholders 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.