Modiv Industrial, Inc. (NYSE:MDV) to Issue $0.10 Monthly Dividend

Modiv Industrial, Inc. (NYSE:MDVGet Free Report) declared a monthly dividend on Monday, March 17th, Wall Street Journal reports. Investors of record on Monday, June 30th will be paid a dividend of 0.0975 per share on Tuesday, July 15th. This represents a $1.17 dividend on an annualized basis and a yield of 7.44%. The ex-dividend date of this dividend is Monday, June 30th.

Modiv Industrial has a payout ratio of 3,900.0% 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 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

Shares of MDV opened at $15.73 on Tuesday. The company has a 50-day moving average of $15.00 and a two-hundred day moving average of $15.79. The stock has a market cap of $156.78 million, a price-to-earnings ratio of -143.00 and a beta of -0.22. Modiv Industrial has a one year low of $13.69 and a one year high of $18.11.

Modiv Industrial Company Profile

(Get Free Report)

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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Dividend History for Modiv Industrial (NYSE:MDV)

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