Modiv Industrial, Inc. (NYSE:MDV) to Issue Dividend Increase – $0.10 Per Share

Modiv Industrial, Inc. (NYSE:MDVGet Free Report) announced a dividend on Wednesday, November 6th,NASDAQ Dividends reports. Investors of record on Friday, January 31st will be paid a dividend of 0.0975 per share on Tuesday, February 25th. The ex-dividend date is Friday, January 31st. This is an increase from Modiv Industrial’s previous dividend of $0.10.

Modiv Industrial has a dividend payout ratio of -1,170.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Modiv Industrial to earn $0.87 per share next year, which means the company may not be able to cover its $1.17 annual dividend with an expected future payout ratio of 134.5%.

Modiv Industrial Trading Down 1.8 %

MDV opened at $14.42 on Wednesday. Modiv Industrial has a one year low of $13.69 and a one year high of $18.11. The business’s 50-day simple moving average is $15.37 and its 200-day simple moving average is $15.77.

Modiv Industrial (NYSE:MDVGet Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.52). Modiv Industrial had a net margin of 6.72% and a return on equity of 1.42%. The firm had revenue of $11.59 million during the quarter, compared to analyst estimates of $11.90 million. During the same period in the previous year, the company posted $0.33 earnings per share. On average, sell-side analysts anticipate that Modiv Industrial will post 1.18 earnings per share for the current fiscal year.

Modiv Industrial Company Profile

(Get Free Report)

Modiv Industrial, Inc is an internally managed REIT that is focused on single-tenant net-lease industrial manufacturing real estate. The Company actively acquires critical industrial manufacturing properties with long-term leases to tenants that fuel the national economy and strengthen the nation's supply chains.

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Dividend History for Modiv Industrial (NYSE:MDV)

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