The Ryland Group Declares Fourth Quarter Dividend

The Board of Directors of The Ryland Group, Inc. (NYSE: RYL), has declared a fourth quarter dividend of $0.03 per share, payable on January 30, 2012, to common stockholders of record on January 15, 2012.

Headquartered in Southern California, Ryland is one of the nation’s largest homebuilders and a leading mortgage-finance company. Since its founding in 1967, Ryland has built more than 294,000 homes and financed more than 248,000 mortgages. The Company currently operates in 13 states across the country and is listed on the New York Stock Exchange under the symbol “RYL.” For more information, please visit www.ryland.com.