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

by · The Cerbat Gem

Modiv Industrial, Inc. (NYSE:MDV – Get Free Report) declared a monthly dividend on Friday, March 14th, 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 7.66%. The ex-dividend date of this dividend is Monday, June 30th.

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. 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 Stock Performance

MDV opened at $15.28 on Friday. The stock has a market capitalization of $152.30 million, a P/E ratio of -138.91 and a beta of -0.22. The company’s 50-day simple moving average is $14.98 and its two-hundred day simple moving average is $15.82. Modiv Industrial has a 52-week low of $13.69 and a 52-week high of $18.11.

About Modiv Industrial

(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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