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

Modiv Industrial, Inc. (NYSE:MDV) announced a monthly dividend on Tuesday, January 20th. Stockholders of record on Friday, February 27th will be paid a dividend of 0.10 per share on Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend is Friday, February 27th.

Modiv Industrial has a dividend payout ratio of 835.7% indicating that 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 Trading Down 0.3%

Shares of MDV stock traded down $0.04 on Tuesday, reaching $14.68. 31,504 shares of the company’s stock were exchanged, compared to its average volume of 35,168. The company’s fifty day simple moving average is $14.58 and its 200 day simple moving average is $14.66. The stock has a market capitalization of $150.77 million, a PE ratio of -56.47 and a beta of -0.31. Modiv Industrial has a 52 week low of $13.62 and a 52 week high of $17.15.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Modiv Industrial from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.00.

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.