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

Key Points

• Modiv Industrial, Inc. announced a monthly dividend of $0.10, with an expected yield of 8.2%, payable on November 14th for investors on record by October 31st.
• The company has a concerning payout ratio of 835.7%, indicating it cannot fully cover its dividend with earnings alone and is overly reliant on its balance sheet.
• MDV stock's current trading price is $14.35, with a market cap of approximately $145.72 million and a negative price-to-earnings ratio of -32.60.

Modiv Industrial, Inc. (NYSE:MDV - Get Free Report) announced a monthly dividend on Friday, October 17th. Investors of record on Friday, October 31st will be paid a dividend of 0.0975 per share on Friday, November 14th. This represents a c) annualized dividend and a yield of 8.2%. The ex-dividend date of this dividend is Friday, October 31st.

Modiv Industrial has a 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. Research 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

MDV stock traded down $0.04 during trading on Friday, hitting $14.35. 29,074 shares of the stock traded hands, compared to its average volume of 47,611. Modiv Industrial has a 1 year low of $13.62 and a 1 year high of $18.11. The firm's 50 day moving average is $14.84 and its two-hundred day moving average is $14.77. The stock has a market cap of $145.72 million, a price-to-earnings ratio of -32.60 and a beta of -0.32.

About Modiv Industrial

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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