Modiv Industrial, Inc. (NYSE:MDV - Get Free Report) declared a monthly dividend on Monday, March 17th, Wall Street Journal reports. Shareholders 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 dividend yield of 7.48%. The ex-dividend date 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 Down 1.9 %
NYSE MDV traded down $0.30 during midday trading on Friday, hitting $15.64. The company had a trading volume of 43,054 shares, compared to its average volume of 30,445. The firm has a 50-day moving average price of $15.07 and a 200-day moving average price of $15.79. The company has a market capitalization of $155.91 million, a PE ratio of -142.21 and a beta of -0.22. Modiv Industrial has a twelve month low of $13.69 and a twelve month high of $18.11.
About Modiv Industrial
(
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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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