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

Modiv Industrial, Inc. (NYSE:MDV) declared a monthly dividend on Monday, March 17th, Wall Street Journal reports. Stockholders of record on Monday, June 30th will be given a dividend of 0.0975 per share on Tuesday, July 15th. This represents a $1.17 annualized dividend and a dividend 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 Trading Up 0.3 %

Modiv Industrial stock opened at $15.28 on Monday. Modiv Industrial has a 12 month low of $13.69 and a 12 month high of $18.11. The company has a market capitalization of $152.30 million, a price-to-earnings ratio of -138.91 and a beta of -0.22. The business’s fifty day simple moving average is $14.99 and its two-hundred day simple moving average is $15.80.

About Modiv Industrial

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.