2008-04-24 23:45:19 -

www.ryland.com - The board of directors of The Ryland Group, Inc. (NYSE: RYL), has declared a second-quarter dividend of $0.12 per share, payable on July 30, 2008, to common stockholders of record on July 15, 2008.

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 28 markets across the country and has built more than 275,000 homes and financed more than 230,000 mortgages since its founding in 1967. Ryland is listed on the New York Stock Exchange under the symbol "RYL." Previous news releases may be obtained at www.ryland.com.

The Ryland Group, Inc.
Drew Mackintosh, Vice President, Investor Relations
818-223-7548
or
Marya Barlow, Director, Communications
818-223-7591