Modiv Industrial, Inc. (MDV) to Issue Monthly Dividend of $0.10 on June 15th

Modiv Industrial, Inc. (NYSE:MDV) declared a monthly dividend on Tuesday, March 17th. Investors of record on Friday, May 29th will be given a dividend of 0.10 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Friday, May 29th.

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. Equities research analysts expect Modiv Industrial to earn $1.52 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 78.9%.

Modiv Industrial Price Performance

MDV stock opened at $18.51 on Wednesday. The company has a 50 day simple moving average of $16.04 and a 200 day simple moving average of $15.24. The stock has a market cap of $191.02 million, a price-to-earnings ratio of -45.15 and a beta of -0.14. Modiv Industrial has a 1 year low of $13.80 and a 1 year high of $18.58.

Modiv Industrial (NYSE:MDV) last released its quarterly earnings data on Friday, May 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.12). The company had revenue of $11.70 million for the quarter, compared to analyst estimates of $11.43 million. Modiv Industrial had a return on equity of 0.07% and a net margin of 0.33%. On average, equities research analysts anticipate that Modiv Industrial will post 1.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Modiv Industrial

Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its holdings in Modiv Industrial by 65.7% in the third quarter. BNP Paribas Financial Markets now owns 2,185 shares of the company’s stock valued at $32,000 after buying an additional 866 shares during the period. Royal Bank of Canada lifted its holdings in Modiv Industrial by 648.8% in the fourth quarter. Royal Bank of Canada now owns 2,209 shares of the company’s stock valued at $32,000 after buying an additional 1,914 shares during the period. Bank of America Corp DE lifted its holdings in Modiv Industrial by 3,913.3% in the second quarter. Bank of America Corp DE now owns 3,010 shares of the company’s stock valued at $42,000 after buying an additional 2,935 shares during the period. JPMorgan Chase & Co. lifted its holdings in Modiv Industrial by 858.3% in the second quarter. JPMorgan Chase & Co. now owns 4,935 shares of the company’s stock valued at $69,000 after buying an additional 4,420 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Modiv Industrial in the second quarter valued at $72,000. Institutional investors and hedge funds own 8.21% of the company’s stock.

About Modiv Industrial

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.