Westlake Village-based Ryland Group Inc. announced on Friday a second quarter dividend of 3 cents per share.
The homebuilder’s dividend will be payable on July 30 to common stockholders as of July 16.
On Wednesday, Ryland said it narrowed its losses in the first quarter, losing $3 million from continued operations, compared to a $17.4 million loss during the same period a year earlier. Revenue jumped 29 percent to $215.9 million.
In a research note commenting on Ryland’s first quarter results, analysts with Raymond James & Associates Inc. wrote that “we believe Ryland is now positioned for sustained profitability.”
During the first quarter, Ryland saw new orders rise 46.4 percent to 1,328 units.