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

Modiv Industrial, Inc. (NYSE:MDV - Get Free Report) declared a dividend on Wednesday, July 31st, NASDAQ reports. Shareholders of record on Thursday, October 31st will be paid a dividend of 0.0958 per share on Monday, November 25th. The ex-dividend date of this dividend is Thursday, October 31st.

Modiv Industrial has a payout ratio of 1,045.5% 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 $1.44 per share next year, which means the company should continue to be able to cover its $1.15 annual dividend with an expected future payout ratio of 79.9%.

Modiv Industrial Price Performance

MDV stock traded down $0.08 during trading on Tuesday, reaching $17.44. 24,510 shares of the company were exchanged, compared to its average volume of 26,720. The company has a market capitalization of $164.86 million, a price-to-earnings ratio of -36.83, a P/E/G ratio of 2.58 and a beta of -0.21. The company has a 50-day moving average of $16.46 and a two-hundred day moving average of $15.42. Modiv Industrial has a twelve month low of $13.50 and a twelve month high of $18.11.

Modiv Industrial (NYSE:MDV - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.28). Modiv Industrial had a negative net margin of 3.71% and a negative return on equity of 0.78%. The firm had revenue of $11.34 million for the quarter, compared to analyst estimates of $11.76 million. During the same period last year, the business earned $0.31 EPS. On average, analysts forecast that Modiv Industrial will post 1.32 EPS for the current year.

Insider Activity

In other Modiv Industrial news, major shareholder First City Investment Group, L bought 5,000 shares of Modiv Industrial stock in a transaction on Wednesday, July 31st. The shares were purchased at an average cost of $14.94 per share, with a total value of $74,700.00. Following the acquisition, the insider now directly owns 653,944 shares of the company's stock, valued at $9,769,923.36. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.60% of the stock is currently owned by insiders.

Modiv Industrial Company Profile

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.