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The Ryland Group Declares First-Quarter Dividend

CALABASAS, Calif., March 3, 2005  - The board of directors of The Ryland Group, Inc. (RYL), has declared a first-quarter dividend of $0.06 per share, payable on April 30, 2005, to common stock shareholders of record on April 15, 2005.

With headquarters in Southern California, Ryland is one of the nation's largest homebuilders and a leading mortgage-finance company. The Company currently operates in 27 markets across the country and has built more than 230,000 homes and financed more than 200,000 mortgages since its founding in 1967. Ryland is a Fortune 500 company listed on the New York Stock Exchange under the symbol "RYL." Previous news releases may be obtained at www.ryland.com.


SOURCE Ryland Group, Inc.




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