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

Modiv Industrial, Inc. (NYSE:MDV) declared a monthly dividend on Wednesday, June 10th. Investors of record on Monday, August 3rd will be given a dividend of 0.10 per share on Monday, August 10th. This represents a c) annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Monday, August 3rd.

Modiv Industrial has a payout ratio of 857.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Modiv Industrial to earn $1.52 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 78.9%.

Modiv Industrial Price Performance

NYSE MDV traded down $0.08 during trading hours on Thursday, hitting $18.35. 26,318 shares of the company’s stock traded hands, compared to its average volume of 63,897. The company has a market capitalization of $189.49 million, a PE ratio of -44.77 and a beta of -0.09. Modiv Industrial has a 52-week low of $13.80 and a 52-week high of $18.83. The firm’s 50-day moving average is $16.92 and its 200-day moving average is $15.54.

Modiv Industrial (NYSE:MDV) last posted its quarterly earnings results on Friday, May 8th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.12). The company had revenue of $11.70 million during the quarter, compared to analyst estimates of $11.43 million. Modiv Industrial had a net margin of 0.33% and a return on equity of 0.07%. Equities research analysts predict that Modiv Industrial will post 1.39 earnings per share for the current fiscal year.

About Modiv Industrial

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.