Modiv Industrial, Inc. (NYSE:MDV – Get 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 Company Profile
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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