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

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Modiv Industrial, Inc. (NYSE:MDV - Get Free Report) announced a monthly dividend on Friday, March 14th, Wall Street Journal reports. Investors 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 dividend on an annualized basis and a yield of 7.52%. The ex-dividend date 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. 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

MDV stock traded down $0.20 during mid-day trading on Tuesday, reaching $15.56. The company had a trading volume of 64,760 shares, compared to its average volume of 30,562. The company has a market capitalization of $155.07 million, a PE ratio of -141.44 and a beta of -0.22. The firm has a 50 day moving average of $15.00 and a 200 day moving average of $15.79. Modiv Industrial has a 12 month low of $13.69 and a 12 month 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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