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

Modiv Industrial, Inc. (NYSE:MDV) announced a monthly dividend on Tuesday, January 20th. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.10 per share on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 8.2%. The ex-dividend date of this dividend is Tuesday, March 31st.

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. Equities 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

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Modiv Industrial from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

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.