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 Tuesday, June 30th will be given a dividend of 0.10 per share on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 8.2%. The ex-dividend date of this dividend is Tuesday, June 30th.

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. Research analysts expect Modiv Industrial to earn $0.87 per share next year, which means the company may not be able to cover its $1.20 annual dividend with an expected future payout ratio of 137.9%.

Modiv Industrial Stock Up 2.1%

Shares of Modiv Industrial stock traded up $0.29 on Thursday, hitting $14.57. The company’s stock had a trading volume of 52,530 shares, compared to its average volume of 57,626. The company has a market capitalization of $149.66 million, a P/E ratio of -56.05 and a beta of -0.31. Modiv Industrial has a 52-week low of $13.62 and a 52-week high of $17.15. The firm has a fifty day moving average price of $14.98 and a 200-day moving average price of $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.