Modiv Industrial, Inc. (MDV) to Issue Monthly Dividend of $0.10 on April 25th

Modiv Industrial, Inc. (NYSE:MDV) declared a monthly dividend on Monday, November 11th, Wall Street Journal reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.0975 per share on Friday, April 25th. This represents a $1.17 annualized dividend and a dividend yield of 7.42%. The ex-dividend date is Monday, March 31st. This is a 1.8% increase from Modiv Industrial’s previous monthly dividend of $0.10.

Modiv Industrial has a dividend payout ratio of 3,900.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research 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 Price Performance

NYSE:MDV opened at $15.76 on Friday. The company’s 50-day moving average is $15.21 and its two-hundred day moving average is $15.78. Modiv Industrial has a 1-year low of $13.69 and a 1-year high of $18.11. The firm has a market capitalization of $157.08 million, a price-to-earnings ratio of -143.27 and a beta of -0.22.

About Modiv Industrial

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.