Modiv Industrial, Inc. (NYSE:MDV) Plans Dividend Increase – $0.10 Per Share

Modiv Industrial, Inc. (NYSE:MDV) announced a monthly dividend on Tuesday, January 20th. Investors of record on Friday, January 30th will be paid a dividend of 0.10 per share on Friday, February 13th. This represents a c) annualized dividend and a yield of 8.2%. The ex-dividend date is Friday, January 30th. This is a 2.6% increase from Modiv Industrial’s previous monthly dividend of $0.10.

Modiv Industrial has a dividend payout ratio of 835.7% 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 Stock Performance

Shares of NYSE MDV traded down $0.04 during midday trading on Tuesday, reaching $14.68. The stock had a trading volume of 31,504 shares, compared to its average volume of 35,168. The company’s 50 day moving average price is $14.58 and its 200 day moving average price is $14.66. Modiv Industrial has a twelve month low of $13.62 and a twelve month high of $17.15. The firm has a market cap of $150.77 million, a price-to-earnings ratio of -56.47 and a beta of -0.31.

Modiv Industrial Company Profile

Modiv Industrial, Inc (NYSE: MDV) is a publicly traded real estate investment trust that specializes in the acquisition, ownership and management of single-tenant industrial properties. The company’s portfolio is anchored by net-lease agreements with corporate and public sector tenants, providing stable, long-term cash flows. Modiv Industrial focuses on light manufacturing facilities, warehouse and distribution centers, and similar industrial real estate assets that serve as critical links in supply chains.

Modiv Industrial pursues a geographically diversified strategy, targeting properties in key U.S.