Modiv Industrial, Inc. Plans Monthly Dividend of $0.10 (NYSE:MDV)

Modiv Industrial, Inc. (NYSE:MDV) announced a monthly dividend on Tuesday, March 17th. Shareholders of record on Friday, May 29th will be given a dividend of 0.10 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date of this dividend is Friday, May 29th.

Modiv Industrial has a payout ratio of 857.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Modiv Industrial to earn $0.87 per share next year, which means the company may not be able to cover its $1.20 annual dividend with an expected future payout ratio of 137.9%.

Modiv Industrial Stock Up 2.1%

Shares of NYSE:MDV traded up $0.29 during trading on Thursday, hitting $14.57. 52,530 shares of the company were exchanged, compared to its average volume of 57,626. Modiv Industrial has a 1-year low of $13.62 and a 1-year high of $17.15. The company has a market capitalization of $149.66 million, a P/E ratio of -56.05 and a beta of -0.31. The business’s 50 day moving average is $14.98 and its 200-day moving average is $14.75.

Modiv Industrial Company Profile

Modiv Industrial, Inc (NYSE: MDV) is a publicly traded real estate investment trust that specializes in the acquisition, ownership and management of single-tenant industrial properties. The company’s portfolio is anchored by net-lease agreements with corporate and public sector tenants, providing stable, long-term cash flows. Modiv Industrial focuses on light manufacturing facilities, warehouse and distribution centers, and similar industrial real estate assets that serve as critical links in supply chains.

Modiv Industrial pursues a geographically diversified strategy, targeting properties in key U.S.